Jewellery brand GIVA has raised more than $100 million funding led by Multiples Alternate Asset Management, along with its co-investors. The investment will support the company’s retail expansion, manufacturing capabilities and omnichannel growth as it looks to strengthen its presence in India’s organised jewellery market.
Key Highlights
- Jewellery brand GIVA raised over $100 million in a funding round led by Multiples PE and its co-investors.
- The jewellery brand plans to expand its retail network from over 400 stores to 1,000 outlets.
According to a company press release, GIVA plans to expand its retail network to more than 1,000 outlets over the next three to five years.
GIVA Funding Led by Multiples PE to Support Retail Expansion
The latest funding will help GIVA expand its offline presence, strengthen manufacturing operations and build its leadership team. The company is also looking to scale its omnichannel business by strengthening its retail network alongside its direct-to-consumer (D2C) website and partnerships with third-party e-commerce and quick-commerce platforms.
GIVA also raised $28 million in debt in May 2026. The debt funding could form part of the latest funding round.
GIVA Expands Sterling Silver, Gold and Lab-Grown Diamond Jewellery Business
Founded in 2019 by Ishendra Agarwal, GIVA offers jewellery across sterling silver, gold and lab-grown diamonds. Its business operates through company-owned retail stores, its D2C platform and online marketplaces.
With more than 400 outlets across India and Sri Lanka, the brand has expanded its reach across major cities and emerging markets. Its planned expansion to over 1,000 outlets over the next three to five years is expected to further strengthen its offline distribution network.
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GIVA Revenue Reaches Rs 865 Crore in FY26
GIVA reported a compound annual growth rate (CAGR) of more than 70% over the past three years and closed FY26 with revenue of approximately Rs 865 crore, according to the company.
The company has not yet filed its FY26 financial statements. Its latest available financials show that operating revenue increased 89% year-on-year to Rs 518 crore in FY25. However, losses also widened 22% to Rs 72 crore during the same period.
GIVA has raised more than $258 million to date, including Rs 110 crore (approximately $12 million) in a Series C round led by HPV CC1 Ltd in February 2026.
GIVA Competes With BlueStone, CaratLane and Other Jewellery Brands
GIVA operates in a competitive jewellery market that includes established organised players such as BlueStone, CaratLane, Melorra, Candere and Tanishq. It also competes with newer brands such as Palmonas, Jewelbox, Limelight Lab Grown Diamonds, Fiona Diamonds and Firefly Diamonds.
The latest funding is expected to support GIVA's next phase of expansion as it builds its retail footprint, increases manufacturing capacity and strengthens its position in the fine jewellery segment.
