Premji Invest, Edelweiss, Epiq Capital, and Usha Dalmia Trust join the funding round as valuation doubles
Jewellery startup Giva is preparing to close a ₹450 crore Series C funding round, led by private equity firm Creaegis Capital. The omnichannel brand, which has rapidly gained traction in India’s fast-growing fine jewellery segment, is attracting continued investor interest as it scales operations and deepens market presence.
According to filings sourced from the Registrar of Companies (RoC), Giva’s board has cleared the allotment of over 1.73 lakh Series C preference shares, priced at ₹25,947 each. Creaegis, through its CIF II Scheme, is set to contribute ₹235 crore to the round. Premji Invest will follow with ₹125 crore, while Epiq Capital and Edelweiss Discovery Fund will invest ₹45 crore and ₹35 crore, respectively. The remaining ₹10 crore will come from the Usha Dalmia Trust.
The capital infusion is expected to fuel Giva’s expansion across hiring, marketing, and key business initiatives, as the brand strengthens its omnichannel presence. Alongside equity financing, Giva has also secured ₹30 crore in debt funding from Alteria Capital, according to a separate disclosure.
In a strategic move to support talent acquisition and retention, the company has expanded its employee stock ownership plan (ESOP), adding 15,853 equity shares worth ₹41 crore. With this, the overall ESOP pool has grown to ₹203 crore, or approximately $24 million.
Industry tracker Entrackr reports that Giva’s current valuation stands at approximately ₹3,950 crore ($465 million), nearly double its valuation during the last round when it raised ₹255 crore. The funding milestone marks a significant moment for the brand as it positions itself among the new generation of digitally forward jewellery companies in India’s luxury retail landscape.
