Bengaluru-based jewellery brand GIVA has raised over $100 million (around ₹975 crore) in a new funding round. The round is led by Multiples Alternate Asset Management, along with co-investors. Existing investors Epiq Capital and Edelweiss Discovery Fund also joined in.

GIVA’s founder and CEO, Ishendra Agarwal, has called it the largest investment in India’s new-age jewellery market so far.

How the money is structured

The round is a mix of fresh capital for the company, secondary share sales, and an ESOP buyback. Multiples will also get a seat on GIVA’s board. The company has not shared its new valuation, but the CEO has indicated that it is higher than the last publicly reported figure.

What GIVA will do with the funds

The company has shared three clear priorities:

1. Build a stronger leadership team

2. Develop its own manufacturing capabilities

3. Grow to 1,000+ outlets over the next 3 to 5 years

A quick look at GIVA’s journey

GIVA was founded in 2019 by Ishendra Agarwal and Nikita Prasad. It began with 92.5 sterling silver jewellery and later added gold and lab-grown diamond jewellery. Today it sells through its own stores, its website, e-commerce platforms and quick commerce apps.

The growth has been fast. Over the last three years, the company grew at more than 70% CAGR and reached around ₹865 crore in FY26. This round also follows other recent raises. GIVA picked up ₹530 crore in its Series C in June 2025, led by Creaegis, and $28 million in debt funding in May 2026.

Why investors are backing this model?

Sridhar Sankararaman, MD at Multiples, pointed to a clear shift in buying behaviour. People now want lightweight, design-led jewellery they can wear every day, and not only for weddings and festivals. According to him, GIVA’s range is built for exactly this need.

What it means among all the funded jewellery startups in the space  

GIVA now leads the funding chart among India’s new-age jewellery brands. Its round is about 2.5 times Palmonas’s $40 million Series B and more than 6 times Aukera’s $15 million.

Only BlueStone’s ₹900 crore pre-IPO round in 2024 comes close, and BlueStone has since gone public.

JK Diamonds Institute’s viewpoint: Among all the funded jewellery startups, investors are backing the brands that scale fast, sell daily wear designs and build their own manufacturing. GIVA, Palmonas and Aukera follow different models, but all of them need skilled designers and production experts to keep growing.

What this means for the gems and jewellery industry:

For anyone studying or working in this field, a few things stand out:

• Daily wear is a serious segment. 

Lighter pieces in silver, gold and lab-grown diamonds are attracting big capital, and this is the shift we are seeing at JK Diamonds Institute too. Today’s customer wants jewellery that looks beautiful, feels light and can be worn every day. The designer who can create that has a real edge.

That is where our CAD Jewelry Design Course comes in. You learn to bring your ideas to life on screen with Rhino, MatrixGold and ZBrush, and you practise designing lightweight, wearable pieces that match what buyers are asking for right now.

• Omnichannel is the playbook. 

Stores, website, marketplaces and quick commerce are all working together.

• Manufacturing is the next big focus

Owning production gives brands better control over quality, cost and speed. Behind every beautiful piece is a team that knows how to make it, and that skill is becoming more valuable every year.

To prepare you for this side of the industry, JK Diamonds Institute has launched the new Jewelry Engineering Course. Here you learn how to set up a manufacturing unit, and you learn it step by step. You practise soldering, casting and polishing hands on, so you understand the full journey from design to finished jewellery.

• Skilled talent will be in demand. Bigger networks need people who understand gemstones, diamonds, design, CAD and retail. These are the exact skills a gemology and jewellery design education builds.

India’s organised jewellery market is clearly entering a new phase, and brands like GIVA are setting the pace.