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GIVA Jewellery raised INR 255 Cr in an extended Series B funding led by Premji Invest to expand its offline presence and enhance its lab-grown diamond offerings.

Oct 14, 2024•about 1 year ago

Amount Raised

₹255

BengaluruJewelryRetail

Investors

India QuotientA91 PartnersGiva's Top ManagementEdelweiss Discover FundEpiq CapitalPremji Invest

Description

GIVA Jewellery announced the closure of its extended Series B funding round, raising INR 255 crore from several investors including Premji Invest. The funds will be used to boost its offline presence and develop lab-grown diamond offerings while facilitating strategic exits for some investors.

Company Information

Company

Giva Jewellery

Location

Bengaluru, Karnataka, India

About

GIVA is a silver jewellery store aiming with a vision to make authentic, elegant and fine jewellery accessible. Started in 2019, GIVA has grown rapidly to become one of India's leading silver jewellery and lab-grown diamond jewellery brand.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech