VC Fund Investments
Jewellery e-tailer GIVA raises $10-M from Sixth Sense Ventures, A91 Partners, others
Bengaluru-based GIVA, a “white metal†focused D2C jewellery startup, has raised a Series A round of USD 10 million from Sixth Sense Ventures, A91 Partners and other investors including India Quotient, Grand Anicut Angel Fund and Founder's Bank Capital. Veda Corporate Advisors advised GIVA on the fundraise. While most of the capital raised will be pumped into driving product development, GIVA has laid out plans to venture into new product categories to appeal to a wider set of audiences with its range of 925 hallmarks pure sterling silver jewellery that is stated to be hypoallergenic. The company is targeting revenues of INR 200 crore for FY22.
From the Venture Intelligence PE-VC Deal Database: Between Dec-19 and Nov-21, GIVA raised $7-M from FounderBank Capital, Sixth Sense Ventures, India Quotient, LogX Ventures, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
