Direct-to-consumer fine jewellery brand GIVA raises ₹530 crore in a Series C funding round led by Creaegis, following an earlier ₹450 crore investment by the same investors in June.
Founded in 2019, GIVA has expanded from sterling silver to gold and lab-grown diamond jewellery, planning to utilize the fresh funds for retail and digital expansion, technology-driven supply chain enhancements, and product diversification.
GIVA intends to open 145-150 new stores by the end of the year, with a focus on Tier II cities to cater to the rising demand for affordable luxury and modern designs in India.
Creaegis, emphasizing GIVA's omnichannel strategy, aims to support the brand's growth in the fine jewellery market, leveraging its product design, digital presence, and omnichannel operations to capture the evolving consumer landscape.