In June 2025, Bengaluru-based D2C jewellery brand GIVA closed a ₹450 crore Series C round, complemented by ₹30 crore in debt, and topped up with additional perhaps secondary or follow-on investments, totaling ₹530 crore. The round was led by Creaegis, with continued participation from Premji Invest, Epiq Capital, Edelweiss, and Usha Dalmia Trust, valuing the company around ₹3,950 crore (≈ $465 million)
1. 📈 Strong Valuation Momentum
The ₹3,950 crore valuation is nearly double its last Series B (~₹1,500 crore), signaling strong investor confidence and growth ambitions .
2. Scale-Up Intent Across Channels
Proceeds will fund retail expansion—GIVA now boasts ~160 offline stores—and enhance e-commerce, franchise pilots, and brand visibility in Tier II/III markets .
3. Strengthening the Lab-Grown Diamond Segment
GIVA will accelerate its lab-grown diamond portfolio, a fast-growing, sustainability-focused line, tapping consumer demand for affordable luxury
4. Debt Plus Equity Mix
Alongside the ₹450 cr equity, the ₹30 cr debt infusion from Alteria Capital offers seasoned liquidity to support operations and hiring entrackr
5. Investor Syndicate with Deep Expertise
- Creaegis, led by ex-Premji Invest CIO Prakash Parthasarathy, anchors the round with ₹235 cr
- Premji Invest, Epiq, Edelweiss, and Usha Dalmia Trust reaffirm ongoing support.
This blend of PE and VC expertise positions GIVA for informed, long-term scaling.
✅ Why This Matters
| Impact Area | Why It’s Important |
|---|---|
| Omnichannel Reach | Strengthening both underground retail and online presence |
| Market Leadership | Accelerates GIVA’s competition with BlueStone, CaratLane, and others |
| Product Innovation | Deeper investment in lab-grown diamonds meets modern demands |
| Financial Discipline | Debt-equity structure suggests measured growth planning |
| Investor Ecosystem | Validates the D2C jewellery model; opens doors for future rounds |
