GIVA Jewellery, a Bengaluru based company specializing in fine silver jewellery has successfully raised Rs 200 crore in Series B funding to fuel its business expansion. The funding round was led by Premji Invest with participation from existing investors such as Aditya Birla Ventures, Alteria Capital and A91 Partners, as confirmed by GIVA in a statement. Read More Business News on our website.
This substantial investment will enable GIVA to drive innovation broaden its product categories, and enhance its offerings. The company aims to strengthen its omnichannel presence by opening more offline stores and solidify its position as the preferred platform for affordable gifting options and minimalistic jewellery.
While GIVA was founded in 2019 and primarily focused on authentic 925 fine silver jewellery, it has recently diversified its portfolio to include 14K and 18K gold as well as lab-grown diamond jewellery. Premji Invest, the lead investor in this round, primarily supports the philanthropic initiatives of the Azim Premji Foundation.