GIVA's Golden Opportunity: A Leap into the Future of Fine Jewellery
June 25, 2025, 6:21 pm
Location: India, Maharashtra, Mumbai
Employees: 5001-10000
Founded date: 2010
Total raised: $333.18M
In the world of fine jewellery, GIVA is making waves. The brand recently secured Rs 530 crore (approximately $61.7 million) in a Series C funding round, led by Creaegis, a growth-stage private equity investor. This funding is not just a financial boost; it’s a signal of confidence in GIVA’s vision and potential.
Founded in 2019 by Ishendra Agarwal and Nikita Prasad, GIVA started its journey with 925 sterling silver jewellery. Over the years, it has evolved, adding 14K and 18K gold pieces and lab-grown diamonds to its collection. This evolution mirrors the changing tastes of consumers, who are increasingly seeking sustainable and ethically sourced options.
The latest funding round also saw participation from existing investors like PremjiInvest, Epiq Capital, and Edelweiss Discovery Fund. Their continued support underscores the belief in GIVA’s growth trajectory. Just a month prior, reports hinted at GIVA’s advanced discussions for this funding, with Creaegis emerging as the frontrunner. The anticipation was palpable, and the announcement confirmed that GIVA is on the right path.
So, what will GIVA do with this fresh capital? The company plans to scale its retail and digital footprint significantly. This means more stores, more online presence, and a stronger tech-enabled supply chain. The focus is on enhancing customer experience and making fine jewellery accessible to a broader audience. GIVA aims to deepen its offerings in lab-grown diamond jewellery, a category that resonates with environmentally conscious consumers.
The jewellery market is changing. Consumers are no longer just looking for beauty; they want stories, sustainability, and authenticity. GIVA is poised to meet these demands. The brand’s commitment to quality and design sets it apart in a crowded marketplace. Its digital-first approach aligns with modern shopping habits, where convenience and accessibility reign supreme.
GIVA's growth strategy includes opening 145 to 150 new stores this year, targeting primarily Tier II cities. This is a smart move. These cities are often overlooked by larger brands, yet they hold untapped potential. GIVA’s expansion into these markets could lead to significant revenue growth. In fact, the company’s revenue is projected to double to over Rs 500 crore in the 2024-25 fiscal year, driven by strong demand for its silver jewellery portfolio.
The financial health of GIVA is improving. Reports indicate that the company’s EBITDA margin is expected to shrink to negative 5% in FY25, down from negative 15% in FY24. This is a positive sign, suggesting that GIVA is on the road to profitability. The brand’s consolidated revenue from operations rose by 66% to Rs 273.6 crore in the previous fiscal year. These numbers tell a story of resilience and growth.
Creaegis’s involvement is a game-changer. Their experience with digital-first, consumer-focused businesses aligns perfectly with GIVA’s goals. The partnership is not just about money; it’s about mentorship and strategic guidance. Creaegis recognizes the potential in GIVA’s omnichannel approach, which combines online and offline shopping experiences. This strategy is crucial in today’s retail landscape, where consumers expect seamless transitions between digital and physical stores.
The elevation of Aditya Labroo to co-founder alongside Ishendra Agarwal is another noteworthy development. This move signals a commitment to strong leadership and a unified vision. It’s essential for GIVA to have a solid team at the helm as it navigates this growth phase.
As GIVA embarks on this exciting journey, it faces challenges. The jewellery market is competitive, with numerous players vying for consumer attention. However, GIVA’s focus on product design, digital reach, and operational efficiency positions it well. The brand is not just selling jewellery; it’s selling an experience. The modern consumer is looking for more than just a product; they want a connection, a story, and a brand that resonates with their values.
In conclusion, GIVA is at a pivotal moment. The recent funding round is a testament to its potential and the confidence investors have in its vision. With plans to expand its retail presence, enhance its digital capabilities, and deepen its product offerings, GIVA is poised for success. The journey ahead is filled with opportunities, and if GIVA plays its cards right, it could become a household name in the fine jewellery market. The future is bright, and GIVA is ready to shine.
Founded in 2019 by Ishendra Agarwal and Nikita Prasad, GIVA started its journey with 925 sterling silver jewellery. Over the years, it has evolved, adding 14K and 18K gold pieces and lab-grown diamonds to its collection. This evolution mirrors the changing tastes of consumers, who are increasingly seeking sustainable and ethically sourced options.
The latest funding round also saw participation from existing investors like PremjiInvest, Epiq Capital, and Edelweiss Discovery Fund. Their continued support underscores the belief in GIVA’s growth trajectory. Just a month prior, reports hinted at GIVA’s advanced discussions for this funding, with Creaegis emerging as the frontrunner. The anticipation was palpable, and the announcement confirmed that GIVA is on the right path.
So, what will GIVA do with this fresh capital? The company plans to scale its retail and digital footprint significantly. This means more stores, more online presence, and a stronger tech-enabled supply chain. The focus is on enhancing customer experience and making fine jewellery accessible to a broader audience. GIVA aims to deepen its offerings in lab-grown diamond jewellery, a category that resonates with environmentally conscious consumers.
The jewellery market is changing. Consumers are no longer just looking for beauty; they want stories, sustainability, and authenticity. GIVA is poised to meet these demands. The brand’s commitment to quality and design sets it apart in a crowded marketplace. Its digital-first approach aligns with modern shopping habits, where convenience and accessibility reign supreme.
GIVA's growth strategy includes opening 145 to 150 new stores this year, targeting primarily Tier II cities. This is a smart move. These cities are often overlooked by larger brands, yet they hold untapped potential. GIVA’s expansion into these markets could lead to significant revenue growth. In fact, the company’s revenue is projected to double to over Rs 500 crore in the 2024-25 fiscal year, driven by strong demand for its silver jewellery portfolio.
The financial health of GIVA is improving. Reports indicate that the company’s EBITDA margin is expected to shrink to negative 5% in FY25, down from negative 15% in FY24. This is a positive sign, suggesting that GIVA is on the road to profitability. The brand’s consolidated revenue from operations rose by 66% to Rs 273.6 crore in the previous fiscal year. These numbers tell a story of resilience and growth.
Creaegis’s involvement is a game-changer. Their experience with digital-first, consumer-focused businesses aligns perfectly with GIVA’s goals. The partnership is not just about money; it’s about mentorship and strategic guidance. Creaegis recognizes the potential in GIVA’s omnichannel approach, which combines online and offline shopping experiences. This strategy is crucial in today’s retail landscape, where consumers expect seamless transitions between digital and physical stores.
The elevation of Aditya Labroo to co-founder alongside Ishendra Agarwal is another noteworthy development. This move signals a commitment to strong leadership and a unified vision. It’s essential for GIVA to have a solid team at the helm as it navigates this growth phase.
As GIVA embarks on this exciting journey, it faces challenges. The jewellery market is competitive, with numerous players vying for consumer attention. However, GIVA’s focus on product design, digital reach, and operational efficiency positions it well. The brand is not just selling jewellery; it’s selling an experience. The modern consumer is looking for more than just a product; they want a connection, a story, and a brand that resonates with their values.
In conclusion, GIVA is at a pivotal moment. The recent funding round is a testament to its potential and the confidence investors have in its vision. With plans to expand its retail presence, enhance its digital capabilities, and deepen its product offerings, GIVA is poised for success. The journey ahead is filled with opportunities, and if GIVA plays its cards right, it could become a household name in the fine jewellery market. The future is bright, and GIVA is ready to shine.