GIVA raises ₹975 Cr led by Multiples to fuel offline jewellery expansion

Indian jewellery brand GIVA has raised ₹975 Cr ($103 Mn) in a funding round led by Multiples Alternate Asset Management. The capital will accelerate offline expansion, manufacturing, and product growth as the company scales its omnichannel presence.

Tarun Mottlia

Editor, Lazyfounder

Published Nov 5, 20262 min read

GIVA raises ₹975 Cr led by Multiples to fuel offline jewellery expansion — Image: Inc42 via source

KEY HIGHLIGHTS

GIVA, an Indian silver jewellery brand, raised ₹975 Cr ($103 Mn) in a funding round led by Multiples Alternate Asset Management.
The funding includes primary and secondary capital, with early investors India Quotient and Sixth Sense Ventures partially exiting.
Funds will accelerate offline expansion (160 new stores in FY27), manufacturing, and product growth in gold and lab-grown diamonds.
GIVA operates 425 stores and reported ₹865 Cr revenue in FY26.
Multiples Alternate Asset Management will gain a board seat at GIVA.

Funding breakdown and investor exits

GIVA, an online-first silver jewellery brand founded in 2019, has raised ₹975 Cr ($103 Mn) in a funding round led by Multiples Alternate Asset Management. The transaction includes both primary capital for growth and secondary capital for early investors India Quotient and Sixth Sense Ventures, who partially exited while retaining some stake.

Multiples will secure a board seat, reflecting its active role in shaping GIVA’s strategy as the company accelerates offline expansion and manufacturing investments.

Expansion plans and financial growth

GIVA plans to open 160 new stores in FY27, adding to its current network of 425 outlets across India. The funding will also strengthen its manufacturing capabilities and widen its product portfolio, which now includes gold and lab-grown diamonds alongside silver jewellery.

The company closed FY26 with ₹865 Cr in revenue, demonstrating rapid growth in a competitive segment dominated by traditional retailers and emerging D2C brands.

What this means

Lazyfounder analysis — our interpretation, not reported fact.

GIVA’s ₹975 Cr round is one of the largest in India’s direct-to-consumer (D2C) jewellery segment this year, signaling strong investor confidence in omnichannel retail growth. For founders, this underscores the potential of blending online reach with offline scale—especially in categories like jewellery, where trust and touch matter. The partial exit of early investors also highlights a maturing startup ecosystem, where later-stage funding enables liquidity for early backers while fueling expansion for the company. Competitors in D2C jewellery or adjacent retail sectors may now face pressure to match GIVA’s pace of store rollouts and manufacturing investments.

Key takeaways

GIVA’s funding validates omnichannel growth strategies in high-trust categories like jewellery, where offline presence drives conversion.
The partial exit of early investors reflects a maturing market, offering liquidity pathways for stakeholders in successful startups.
With 160 new stores planned, GIVA’s expansion could intensify competition in local jewellery markets, particularly in gold and lab-grown diamonds.
Multiples’ board seat signals active governance in growth-stage investments, a trend founders should prepare for when taking institutional capital.

More startup news

Sources

Inc42 · 2026-11-04
Decision Models Go Live, GIVA Nets $103 Mn & More

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