CosmicTaco
CosmicTaco

Giva Raises Rs 255 Cr in Extended Series B, A91 and India Quotient Partially Exit

  • Omnichannel jewelry startup Giva has raised Rs 255 crore in an extended Series B round.
  • Early backers A91 Partners and India Quotient partially exited, realizing significant returns.
  • Funds will be used to expand Giva's offline presence, which includes around 150 physical stores nationwide.
  • Giva's revenue grew by 96.4% in FY23, reaching Rs 165 crore, while losses widened to Rs 45 crore.
  • The company competes with brands like Melorra, Bluestone, CaratLane, and others.

Source: Entrackr

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