Jewellery Brand Giva Raises Rs 200 Crore From Premji Invest, Others

Giva Jewellery on Wednesday announced that it had raised Rs 200 crore in a Series B funding round led by Premji Invest. The round also saw participation by existing investors Aditya Birla Ventures, Alteria Capital, and A91 Partners.Beyond the fundraise, the jewellery maker also reportedly conducted a secondary sale transaction worth Rs 70 crore. Giva did not disclose the identity of the stakeholders who took part in the secondary sale.The Bengaluru-based firm specialises in silver jewellery, and has over 50 physical stores across the country. In its previous funding round, the company raised $17 million from the likes of AngelList, IQ Capital, Titan Capita, and India Quotient