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

The round includes primary capital, secondary transactions in which existing shareholders sell their stakes, and ESOP buyback. Early investors India Quotient and Sixth Sense Ventures are partly exiting but keeping some of their holding, and Multiples will get a seat on GIVA's board

The brand said the money will go towards strengthening its leadership team, building manufacturing capabilities and opening more physical stores, calling the deal the largest investment yet in India's new-age jewellery market.

“Multiples' backing is a strong endorsement of what we have built at GIVA since 2019, a high-growth, design-led fine jewellery brand that Indian consumers trust for everyday wear and gifting,” said Ishendra Agarwal, founder and CEO of GIVA.

“As we enter our next phase, we are focused on scaling our omnichannel presence, strengthening our manufacturing capabilities and elevating the fine jewellery experience for modern Indian consumers,” he added.

GIVA runs around 425 stores across India and Sri Lanka. It plans to add 160 in FY27, with more focus on Tier II and III cities, and aims to cross 1,000 outlets in the next three to five years.

About 70% of its stores are in metros. Agarwal said the company will deepen its presence in Lucknow, Dehradun, Kanpur and Surat and enter markets such as Agra.

Physical stores bring in about 45% of revenue today, with the rest coming from its own website and app and from third-party e-commerce and quick commerce platforms.

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