GIVA, a D2C fine jewellery brand based in Bengaluru, raises Rs 530 crore in funding led by Creaegis and existing investors like Premji Invest, Epiq Capital, and Edelweiss Discovery Fund.
The investment will be used to expand retail presence, enhance technological capabilities, and grow lab-grown diamond jewellery offerings.
Founded in 2019, GIVA has transitioned from a silver jewellery brand to offering gold and lab-grown diamond jewellery across 240 stores in India.
The company plans to open 145-150 new locations this year, focusing on Tier-II cities, while also leveraging digital channels for customer acquisition.
With a focus on aspirational design, quality assurance, and affordability, GIVA targets India's increasing demand for accessible luxury.
Aditya Labroo, the COO, has been promoted to co-founder, reflecting the company's growth and evolution.