Jewellery brand GIVA raises $100M from Multiples PE
Founded in 2019, Bengaluru-based GIVA focuses on everyday wear, catering primarily to Indian consumers for both self-consumption and gifting occasions. The fresh capital will be used to strengthen its leadership team, expand manufacturing and deepen its offline presence.
Jewellery brand GIVA has successfully raised $100 million in a funding round led by Multiples Alternate Asset Management and its co-investors. Established in 2019, Bengaluru-based GIVA specializes in everyday wear, catering primarily to Indian consumers for both personal use and gifting purposes. The newly acquired capital will be utilized to bolster their leadership team, expand manufacturing operations, and enhance their offline presence.
GIVA's product range encompasses 92.5 silver, gold, and lab-grown diamond jewellery, all offered through an omnichannel distribution model that includes their own retail stores, D2C website, and prominent third-party e-commerce and quick-commerce marketplaces. Currently, the brand has a presence in over 400 stores across India and Sri Lanka.
Ishendra Agarwal, GIVA's founder and CEO, expressed gratitude for Multiples' backing, stating that it validates the brand's growth and design-led approach to fine jewellery for Indian consumers. Looking ahead, GIVA aims to scale its omnichannel presence, strengthen manufacturing capabilities, and elevate the fine jewellery experience for modern Indian consumers.
Multiples has a diverse portfolio of investments, including brands such as Licious, ACKO, PVR, and Arvind Fashions, in addition to other sectors. The company recently closed a $430 million fund. India's jewellery market is projected to grow at a compound annual growth rate (CAGR) of around 6% to reach $124 billion by 2032.
Written by urgent.news from YourStory's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
