National News

GIVA Raises ₹530 Cr in Series C Funding Round Led by Creaegis; Accelerates Expansion of Lab-Grown Diamond Jewellery and Retail Footprint

Published

11 months ago

June 25, 2025

GIVA, one of India’s fastest-growing D2C fine jewellery brands, has raised ₹530 Cr in its latest funding round. Creaegis, a leading growth stage investment firm, led the round, with participation from existing investors Premji Invest, Epiq Capital, and Edelweiss Discovery Fund.

The capital will be used to scale GIVA’s retail and digital footprint, enhance tech-enabled supply chain capabilities, deepen its offerings in lab-grown diamond jewellery and expand into new categories.

Started in 2019 by Ishendra Agarwal and Nikita Prasad, GIVA began its journey with 925 sterling silver jewellery and has since diversified into 14K/18K gold and lab-grown diamond jewellery. The company has established itself as a clear market leader in the fine jewellery space in response to a growing demand for affordable luxury and sustainable alternatives.

Announcing the development, Ishendra Agarwal, Founder, GIVA, said, “Welcoming Creaegis as a lead investor in this round marks an important step in our growth journey. Their deep expertise in building digital-first, consumer-centric businesses makes them an ideal partner for GIVA as we scale our omni-channel presence and strengthen our capabilities across product, technology, and operations. With the continued support of our existing investors, we’re focused on elevating the fine jewellery experience for modern Indian consumers and accelerating our journey towards market leadership.”

Founded with the mission to make high-quality jewellery more accessible, GIVA has rapidly scaled with a product portfolio spanning silver, gold, and lab-grown diamond jewellery. With its in-house design excellence, commitment to authenticity, and a growing offline presence, GIVA is uniquely positioned at the intersection of aspiration, trust, and modern design.

Today, the brand retails through 240+ physical stores across India. Riding on this momentum, GIVA plans to open 145–150 additional stores this year, with a strong focus on Tier II cities, where it continues to witness robust demand.

This rapid growth is driven by a strong leadership team. In recognition of the instrumental role played in shaping the company’s journey, Aditya Labroo, Chief Operating Officer has now been elevated to the role of co-founder, further strengthening GIVA’s vision for the future.

National News

GJC Delegation Meets RBI Deputy Governor, Makes GMS Presentation

The Proposal Was Acknowledged As An Innovative Initiative With The Potential To Become A Game Changer For The Industry and The Nation.

Published

10 hours ago

May 29, 2026

JewelBuzz Spread The Buzz

A GJC delegation comprising Vice Chairman Avinash Gupta, Legal Consultant CA Bhavin Mehta, and National Secretary Mitesh Dhorda met with Shirish Chandra Murmu, Deputy Governor of the Reserve Bank of India, along with his senior team.

During the meeting, the delegation made a detailed presentation on the proposed Gold Monetization Scheme (GMS). The RBI team appreciated the concept of the scheme. The proposal was acknowledged as an innovative initiative with the potential to become a game changer for the industry and the nation.

GJC remains committed to working closely with all stakeholders —including the government, banks, jewellers, gold depositors, and temple trusts—in the larger national interest and for the sustainable growth of the GJ industry.

The Gold Monetization Scheme (GMS) in India was launched with the primary objective of reducing gold imports by mobilizing the vast amount of idle gold held by households, institutions, and temple trusts, thereby decreasing the country’s heavy reliance on gold imports. By encouraging depositors to bring their unused gold into the formal banking system, the scheme puts this dormant gold into productive economic purposes, such as meeting the needs of jewellers and industries without requiring fresh imports.

Additionally, the scheme allows depositors to earn interest on their gold deposits instead of keeping gold idle at home, transforming a non-yielding asset into an income-generating investment while simultaneously strengthening India’s gold supply chain and reducing the trade deficit.