Debt financing
Jewellery startup Giva to raise $28-M
Omnichannel jewellery startup Giva is to raise INR 270 crore (USD 28 million) through a multi-tranche debt round, led by BlackSoil Capital (contributing INR 90 crore), with participation from InCred Credit Fund (contributing INR 70 crore), Stride Ventures (contributing INR 70 crore), and Nuvama Crossover Yield Opportunities Fund (contributing INR 40 crore).The debt has a fixed rate of interest of 13.4% per annum. The proceeds from the proposed debt round will be used towards working capital requirements and capital expenditure for setting up stores.Founded in 2019, Giva originally launched as an affordable jewellery brand, has expanded into gold jewellery and lab-grown diamonds. Led by Ishendra Agarwal, the firm operates around 210 physical stores across 25 cities in India, alongside its website and app.
Between Dec 2019 and Feb 2026, Giva had attracted about USD 177 M from HarbourVest, Kenro Capital, PremjiInvest, Titan Capital, Creaegis, Edelweiss Private Equity, Epiq Capital, Northern Arc Capital, Spring Marketing Capital, A91 Partners, Aditya Birla Ventures, Alteria Capital and others..For FY25, Giva had reported about INR 519 Cr in Operating Income and about INR 81 Cr in Net loss.
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