In a significant move for India’s Direct-to-Consumer (D2C) jewelry sector, Bengaluru-based brand Giva is finalizing a fresh funding round of ₹150–₹200 crore, as reported on January 23, 2026.
The investment, a mix of primary and secondary capital, values the company at approximately ₹4,200–₹4,400 crore, marking a steady increase from its ₹4,000 crore valuation in June 2025.
Investment Breakdown & Key Players
The round is led by existing heavyweights Premji Invest and Creaegis, reinforcing their confidence in Giva’s “omnichannel” growth strategy.
- Lead Investors: Premji Invest and Creaegis.
- New/Participating Investors: Titan Capital and Kenro Capital (a new secondary-focused fund).
- Secondary Exit: Early backer A91 Partners is reportedly trimming its stake as part of this transaction.
- Valuation Nuance: While the primary infusion values Giva at ₹4,400 crore, the secondary portion (where shares are sold by existing holders) is pegged at a slight discount, valuing the firm at ₹3,800–₹3,900 crore.
Growth & Financial Snapshot
Giva has successfully transitioned from a silver-only brand to a broader “fine jewelry” player, tapping into the preferences of Gen Z and Millennial consumers.
- Projected Revenue (FY26): ₹800–₹850 crore, representing a robust 50–60% growth compared to the ₹518 crore recorded in FY25.
- Market Position: Giva occupies the “sweet spot” between high-end gold jewelry and low-cost fashion accessories.
- Retail Footprint: The brand now operates over 280 physical stores across India, moving toward a “phygital” model where online discovery drives offline trust.
The Road Ahead: A Larger Round Incoming
This ₹200 crore infusion is reportedly a “bridge” to a much larger capital raise.
- Next Milestone: The company has already begun work on a larger funding round of ₹550–₹600 crore, expected to close by mid-2026.
- Strategic Focus: Proceeds will be used to deepen its Lab-Grown Diamond (LGD) offerings, expand gold product lines, and strengthen its tech-enabled supply chain to achieve Profit Before Tax (PBT) in the coming fiscal year.
