GIVA Jewellery has successfully completed its extended Series B funding round, securing ₹255 crore from a group of investors including Premji Invest, EPIQ Capital, Edelweiss Discover Fund, and members of GIVA’s top management.
The funding round comprised 35% primary investments and 65% secondary investments, enabling A91 Partners and India Quotient to achieve partial exits. With this latest infusion, GIVA’s total Series B funding now amounts to ₹525 crore, including ₹255 crore from secondary transactions.
The fine jewellery brand intends to utilize the funds to strengthen its offline presence and expand its offerings of lab-grown diamonds while facilitating strategic exits for some investors.
Ishendra Agarwal, Founder and CEO of GIVA Jewellery, stated, “Our focus remains steadfast on maintaining our position as the leading player in silver jewellery, while further enhancing our lab-grown diamond segment, expanding our gold offerings, and consolidating our market presence.”
In July 2023, GIVA had previously raised ₹270 crore, with ₹200 crore coming from a Series B round led by Premji Invest and ₹70 crore from secondary share sales. This capital infusion is expected to bolster GIVA’s growth strategy and ensure its continued success in the competitive jewellery market.
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