GIVA raises $103 million as jewellery startup plans to open 160 stores
GIVA sells jewellery made from materials including silver, gold and lab-grown diamonds.
Bengaluru-based jewellery startup GIVA has raised around $103 million (approximately ₹975 crore) in a funding round led by private equity firm Multiples. The company plans to use the capital to expand its retail presence and strengthen its position in India's growing jewellery market.
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Focus on offline expansion
GIVA sells jewellery made from materials including silver, gold and lab-grown diamonds. It has built its business through online sales and physical stores, catering to consumers looking for everyday jewellery and gifting options.
The company plans to open 160 new stores in the financial year 2026-27. The expansion will help it reach more customers who prefer to see and try jewellery before making a purchase.
For consumer brands, physical stores can improve visibility and customer trust, but they also bring higher rental, staffing and operating costs. GIVA will need to balance its expansion plans with the need to maintain healthy margins.
What the funding means
The investment reflects continued interest in Indian consumer brands that have established a customer base and are looking to scale their operations. However, the success of GIVA's expansion will depend on how effectively it converts new stores into profitable business.
