Key Points
Mumbai: Premji Invest is leading a 270 crore ($35 million) Series B funding round in Giva, a new-age omnichannel jewellery company..
Existing investors A91 Partners and Aditya Birla PE will also participate in the round, a senior company executive said.. While 200 crore are coming as primary funding into the company, around 70 crore of secondary stake sale has also happened where some of our existing angel and early-stage investors have partly exited," said Ishendra Agarwal, founder, Giva..
According to him, the companys valuation has doubled since it last raised Series A funding of $10 million in 2022..
Right now, we have minimal fine silver jewelry, but then we will also be exploring other areas of silver jewelry which is colored stones, which is going into regional elements of jewelry among other things to build Giva as the one stop shop for silver jewellery buying," Agarwal said..
GIVA has emerged as a category leader with its focus on fine silver jewellery, design offerings and customer-centricity," said Varun Khandelwal, principal Investments, Premji Invest said in a company release..
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