D2C jewellery brand GIVA is set to raise ₹450 Cr in fresh funding led by Creaegis, boosting its valuation to $374 million.

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The new valuation marks a 47% increase from its previous $254 million valuation in October 2024.

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Creaegis will invest ₹235 Cr, while Premji Invest and Epiq Capital will contribute ₹125 Cr and ₹45 Cr respectively.

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Additional investors include Edelweiss Discovery Fund and the Usha Dalmia Trust.

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GIVA’s Series C round involves issuing 1.73 lakh preference shares priced at ₹25,947 each.

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The brand operates 199 stores across India and partners with Shoppers Stop and other retailers.

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Founded in 2019, GIVA started with silver jewellery and later expanded into gold and lab-grown diamonds.

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In FY24, GIVA’s revenue rose 66% YoY to ₹273.6 Cr, but net loss widened to ₹58.7 Cr due to rising metal costs.

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GIVA has raised around $102 million to date from investors including Alteria Capital, A91 Partners, and Aditya Birla Ventures.

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GIVA competes with CaratLane, Palmonas, and BlueStone, the latter of which is planning a ₹1,000 Cr IPO in 2025.

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