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Startup Atlas · D2C

GIVA

Indiejewel Fashions Private Limited Bengaluru, Karnataka Founded 2019 giva.co ↗
Ishendra Agarwal · Founder & CEO Nikita Prasad · Co-founder & Creative Head Sachin Shetty · Co-founder & CMO Aditya Labroo · Co-founder
$151.66 MnTotal funding (tracked)
6Funding rounds
19 Feb 2026Last round
2,146Team size (sourced)

GIVA: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

0% making charges on gold jewellery

GIVA's homepage advertises "0% Making Charges on Gold Jewellery" alongside "Pan India Free Shipping."

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Bridges online convenience with in-store experience

GIVA "strives to bridge the gap between the ease of online shopping and the delight of in-store experiences."

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Branded quality assurance vs. unorganised jewellers

Co-founder Ishendra Agarwal: "we have so many processes on quality checks, on ensuring that the product we sell is of very high quality. So, people trust us more than the local jeweller."

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IGI-certified lab-grown diamonds

GIVA's own blog states: "GIVA's lab-grown diamond collection is IGI certified!"

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Affordable fine jewellery

GIVA's core brand promise, repeated across coverage, is "affordable fine jewellery" — accessible pricing on 925 sterling silver, gold and lab-grown diamond pieces.

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Customer Segments

Young women aged 24-35

GIVA built its brand around offering "a wide range of fine jewellery to young women (in the age group of 24-35)".

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Gift buyers

GIVA describes itself as "the largest D2C jewellery brand in India, earning people's trust as the go-to choice for gifting."

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Shoppers distrustful of unbranded local silver jewellers

Co-founder Ishendra Agarwal on the market gap GIVA targets: "In silver, because there's no brand, all these small shops were just doing their manmani. They were selling whatever purity that they would commit to a consumer, but consumer was forced to buy."

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Customer Relationships

GIVA Crown loyalty programme35-40% repeat orders

"We have seen a two-fold increase in the number of repeat customers in FY25 compared to the last year, thanks to the introduction of the loyalty programme. The revenues from these repeat customers has also grown 2.5 times, with repeat orders constituting 35-40% of our overall sales."

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No-questions-asked 15-day returns

"We offer a 15-day return policy on all our products, for all unused and unworn items, no questions asked."

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Personalised marketing via Wigzo

"But Wigzo helped us personalise communications. More importantly, it helped us target customers in the way they are most comfortable, be it website push notifications, WhatsApp or email," said co-founder Sachin Shetty.

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180-day plating warranty and customer support

GIVA offers a 180-day warranty from delivery covering plating issues (change in colour, loss of shine, blackening), with support via chat and phone (9228837724, 10 AM-6:30 PM).

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Channels

D2C website and mobile app8M+ app downloads

GIVA's own site cites its app has "8M+ Downloads | 4.4⭐" rating.

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300+ omnichannel retail stores300 stores

GIVA "achieved a significant milestone with the opening of its 300th store in South Extension, New Delhi."

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Franchise-operated stores

"GIVA also uses a franchise model for some locations, reducing capital requirements. Franchisees invest in store fit-outs and inventory, sharing risk."

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Third-party marketplaces

GIVA sells through "Amazon India, Myntra, Flipkart and Nykaa."

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International retail (Sri Lanka)

"Our dazzling journey takes flight internationally with our first store in Sri Lanka!"

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Key Activities

Quality control and certification checks

Co-founder Ishendra Agarwal: "we have so many processes on quality checks, on ensuring that the product we sell is of very high quality."

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Omnichannel retail expansion

GIVA is "aiming to scale its retail footprint from 300 stores to between 800 and 1,000 stores over the next few years," having just opened its 300th store in South Extension, New Delhi.

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Celebrity-led marketing campaigns

"Over the last six years, GIVA has partnered with celebrities including Bhumi Pednekar, Barkha Singh, Shruti Haasan and more to promote exclusive collections. Renowned actor Anushka Sharma is our current brand ambassador."

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Key Resources

BIS Hallmark registration

GIVA's site displays hallmarking registration "BIS : HM/C - 6290031216."

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IGI certification for lab-grown diamonds

"GIVA's lab-grown diamond collection is IGI certified!"

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Celebrity brand-ambassador equity

"Over the last six years, GIVA has partnered with celebrities including Bhumi Pednekar, Barkha Singh, Shruti Haasan and more to promote exclusive collections. Renowned actor Anushka Sharma is our current brand ambassador."

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Proprietary loyalty/customer data (GIVA Crown)

The GIVA Crown loyalty programme has driven "repeat orders constituting 35-40% of our overall sales" with 2.5x revenue growth from repeat customers.

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Key Partnerships

Institutional & VC investors$151.7M raised, 6 rounds

GIVA has raised across 6 rounds; e.g. its Series B: "Rs 270 crore, $33 million approximately, in a Series B round led by Premji Invest, with participation from Aditya Birla Ventures, Alteria Capital and A91 Partners."

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Brand ambassador — Anushka Sharma

"Bengaluru-based silver jewellery brand Giva Jewellery has named Bollywood actor Anushka Sharma as its brand ambassador." Founder statement: "As a brand, Giva stands in solidarity with the various social causes that Anushka supports and believes that she perfectly embodies what Giva stands for; elegance, beauty, and an indomitable spirit."

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Martech partner — Wigzo

"But Wigzo helped us personalise communications. More importantly, it helped us target customers in the way they are most comfortable, be it website push notifications, WhatsApp or email," said co-founder Sachin Shetty.

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Marketplace retail partners

GIVA distributes through "Amazon India, Myntra, Flipkart and Nykaa."

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Certification partner — IGI

"GIVA's lab-grown diamond collection is IGI certified!"

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Revenue Streams

Omnichannel product sales (50:50 online-offline split)50:50 online-offline

"GIVA's online-offline revenue mix is 50:50 with the startup leveraging online consumer data to fuel offline expansion."

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Lab-grown diamond jewellery~20% of FY25 revenue

"...being one of the first-movers in this category which generated INR 100 Cr, or 20%, of our revenues in FY25."

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Third-party marketplace sales

GIVA sells through "Amazon India, Myntra, Flipkart and Nykaa" in addition to its own D2C site and stores.

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Cost Structure

Store fixed costs (manpower & infrastructure)

"Any store which is 3-4 months old turns profitable, as the fixed costs incurred on manpower and infrastructure do not increase substantially over time, but sales continue to rise."

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EBITDA drag from offline store rollout-7% to -8% EBITDA margin

"Its EBITDA margin in FY25 dropped slightly from -7% to -8% YoY due to offline expansion with the launch of 80 new outlets during the year."

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FAQs on GIVA

What is GIVA's business model?

GIVA's core value proposition centers on 0% making charges on gold jewellery, Bridges online convenience with in-store experience, Branded quality assurance vs. unorganised jewellers, IGI-certified lab-grown diamonds.

How does GIVA make money?

GIVA's cited revenue streams include Omnichannel product sales (50:50 online-offline split), Lab-grown diamond jewellery, Third-party marketplace sales.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: www.giva.co www.thecompanycheck.com · Last verified 16 Jul 2026. · Report a correction