Bengaluru based jewellery brand GIVA has raised more than $100 million, approximately Rs 975 crore, in a funding round led by Multiples Alternate Asset Management and its co investors. 

The investment will help the company strengthen its manufacturing capabilities, expand its retail presence and broaden its jewellery portfolio as it targets more than 1,000 outlets over the next three to five years.

Existing investors Epiq Capital and Edelweiss Discovery Fund also participated in the round. The transaction includes fresh capital, secondary share sales and an employee stock option buyback. Early investors India Quotient and Sixth Sense Ventures have partially sold their stakes, while Multiples will receive a seat on GIVA’s board.

GIVA currently operates around 425 stores across India and Sri Lanka. It plans to open 160 additional stores in FY27, with a stronger focus on Tier II and Tier III cities such as Lucknow, Kanpur, Dehradun and Agra.

The company will also strengthen its manufacturing operations in Jaipur and Mumbai. This investment is expected to improve production capabilities, product quality and the speed at which new designs reach customers.

Founded in 2019, GIVA started as an online silver jewellery brand and later expanded into gold and lab grown diamond jewellery. Around 60% of its revenue currently comes from silver products.

GIVA reported revenue of approximately Rs 865 crore in FY26, recording more than 70% compound annual growth over three years. It aims to achieve net profitability by FY28 and become ready for an initial public offering within two to three years.

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