Startups
Jewellery brand GIVA raises $100 million to open 1,000 stores
The fine-jewellery startup's round is led by Multiples, just as India heads into Diwali shopping.
In short
$100M+raised by GIVA
- 400+ stores today
- Target: 1,000+ in 3–5 years
- Lead investor: Multiples
What happened
GIVA, the jewellery brand started in 2019 by Ishendra Agarwal and Nikita Prasad, has raised over $100 million in a round led by Multiples Alternate Asset Management. Existing investors Epiq Capital and Edelweiss Discovery Fund also joined.
The money will go into more physical stores, its own manufacturing, and stock across categories.
Why it matters
GIVA started online and now has 400+ stores in India and Sri Lanka, mostly in Tier 1 and Tier 2 cities. It wants more than 1,000 within three to five years.
It's one of the biggest consumer-brand rounds of the season, and a sign that investors still back online-first brands that are building real stores.
