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GIVA raises $100M in Multiples-led round; India’s Rs 3 lakh Cr data centre buildout

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GIVA raises $100M in Multiples-led round; India’s Rs 3 lakh Cr data centre buildout

India’s data centre industry is poised for a five-fold expansion, with installed capacity expected to reach 7.5 GW by March 2030, attracting investments of more than Rs 3 lakh crore over the next four financial years, according to Crisil Ratings. Demand from generative AI, cloud adoption and enterprise digitalisation is driving the build-out. However, power connectivity, regulatory clearances and project execution will be crucial to keeping projects on track. 

In other news, Bengaluru-based jewellery brand GIVA has raised $100 million in a funding round led by Multiples Alternate Asset Management. The company plans to use the capital to strengthen its leadership team, expand manufacturing and deepen its offline presence. It currently operates more than 400 stores across India and Sri Lanka, selling silver, gold and lab-grown diamond jewellery. 

Meanwhile, Google has launched Dreambeans, an experimental AI-powered app in India that turns activity across selected services, including Gmail, Calendar, Gemini, Photos, Search and YouTube into personalised stories. Available to users aged 18 and above on Android and iOS, it supports 14 Indian languages. 

In the drone sector, ideaForge returned to profitability in Q2 FY27, reporting revenue of Rs 91.3 crore, up 124% year-on-year, and a profit after tax of Rs 6.5 crore, against a loss of Rs 19.6 crore a year earlier. Its EBITDA stood at Rs 23.2 crore. 

Yet progress in business remains uneven. 5% of management positions worldwide, according to an International Labour Organization survey covering companies in 99 countries. Their share has risen only gradually over three decades, despite gains in education, highlighting barriers to career advancement and unequal care responsibilities.


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