Jewellery brand Giva, based in Bengaluru, Karnataka, India, has raised ₹530 crore in a Series C funding round led by investment firm Creagis. The company plans to use the capital to expand its physical retail network and grow its lab-grown diamond category in India, especially targeting Tier II cities.
Indian jewellery brand Giva, headquartered in Bengaluru, has raised ₹530 crore in a Series C funding round led by Creagis, a growth-stage investment firm. The capital will support Giva’s nationwide expansion of its lab-grown diamond business and its omni-channel retail presence.
Founded in 2019 by Ishendra Agarwal and Nikita Prasad, Giva began its journey by offering 925 sterling silver jewellery. Over time, it expanded into 14K/18K gold and lab-grown diamond segments. With more than 240 physical stores across India, Giva aims to open an additional 150 stores in 2025, with a strong focus on Tier II cities where consumer demand for accessible luxury has been growing steadily.
The latest funding will be directed toward enhancing Giva’s product offerings and strengthening its presence in lab-grown diamonds, which currently account for around 20% of its business. The company also plans to expand into new jewellery categories within this growing segment.
Lab-grown diamonds are chemically and physically identical to natural diamonds but are priced 30–50% lower. Their increasing popularity in India has enabled brands like Giva to offer aspirational jewellery to a broader consumer base. As of February 2025, over 30 brands operated in the Indian lab-grown diamond space, with more than 200 stores nationwide.
With this round, Giva has raised close to $60 million in funding so far. The brand had previously raised ₹255 crore in October 2024. In FY24, Giva reported a 66% rise in revenue to ₹274 crore, though its losses widened to ₹59 crore.
Giva also announced the elevation of its chief operating officer Aditya Labroo to co-founder, strengthening its leadership team as it prepares for the next phase of growth. The brand competes with notable players such as Bluestone, Caratlane, and Melorra in the growing fine jewellery segment in India.