Luxury jewelery brand GIVA Jewelery has closed an extended Series B funding round of Rs 255 million from Premji Invest, EPIQ Capital, Edelweiss Discover Fund and GIVA’s management team.
Although the company did not disclose the valuation, this round’s valuation was higher than previous ones. The funding round consisted of 35% primary investment and 65% secondary investment, with partial exits from A91 Partners and India Cootient.
This fresh capital infusion will be used for the company’s expansion plans, strengthening its offline presence across India, strengthening its lab-grown diamond offering, and enabling strategic investor exits.
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“This investment is a strong endorsement of GIVA’s innovative vision for the fine jewelery industry. We welcome Premji Invest and EPIQ Capital as valued partners and look forward to leveraging their expertise to propel our company forward. We will promote it.”
Ishendra Agarwal, Founder and CEO We remain focused on maintaining Wang’s position as a leading silver jewelry player.” GIVA jewelry.
The company has raised a total of ₹52.5 billion in Series B round, of which ₹25.5 billion came from secondary transactions. In July 2023, the company had raised Rs 270 million, of which Rs 200 million came from a Series B funding round led by Azim Premji’s family office Premji Invest.
The round raised Rs 70 billion from a secondary sale of shares to facilitate a partial exit of early shareholders, the company said in a statement.
“We are impressed by the GIVA team’s strong commitment and relentless commitment to building a best-in-class shopping experience for our fine jewelry customers. We look forward to working with GIVA on its growth efforts. We are excited to increase our investment,” said Kaveesh Chawla, Partner, Premji Invest.
Going forward, GIVA plans to strengthen its lab-grown diamond segment through strategic partnerships and innovation, expand its gold offerings to cater to discerning consumers, and increase its market presence through targeted marketing strategies. We will prioritize.
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