PE-VC Fund Investments
Jewellery chain Giva raises $12-M in extended Series C led by HPV CC1
Bengaluru-based Giva has raised INR 110 crore (around USD 12 million) in an extended Series C round, led by HPV CC1 Ltd, with participation from Premji Invest (via PI Opportunities Fund II), Kenro Capital and Titan Capital (via Winners Fund).HPV CC1 Ltd contributed INR 74.25 crore (USD 8.25 million), Kenro Capital invested INR 13.75 crore, and Premji Invest and Titan Capital each injected INR 11 crore. This investment follows Giva's INR 530 crore (USD 61.5 million) Series C round in June last year, which was led by Creaegis, with participation from Premji Invest, Epiq Capital, and Edelweiss Discovery Fund.Founded in 2019 by Ishendra Agarwal, Giva is an omnichannel jewellery startup that offers affordable jewellery, gold jewellery, and lab-grown diamonds. The company operates about 150 physical stores across India, in addition to its website and app, and has adopted a franchise-led expansion model. The proceeds from the current funding will be allocated towards operational expenses, including hiring and marketing.
Between Dec 2019 and June 2025, GIVA had attracted about USD 165 M from Creaegis, Edelweiss Private Equity, Epiq Capital, PremjiInvest, Northern Arc Capital, Spring Marketing Capital, A91 Partners, Aditya Birla Ventures, Alteria Capital, Anicut Capital, FounderBank Capital, Sixth Sense Ventures, LogX Ventures, India Quotient, RB Investments, and others.For FY25, GIVA had reported about INR 518 Cr in Operating Income and about INR 72.35 Cr in Net Loss.
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