GIVA has closed Series B round from various investors

GIVA, is a Jewelry brand that is generally a Bengaluru-based online silver jewelry startup. GIVA Jewelry has closed a Series B funding round which was backed by various investors including Aditya Birla Ventures, A91 Partners, and Sixth Sense Ventures.

The brand had already made a series A funding in the current year.

GIVA is earning total revenue of Rs 100 crore in FY21-22. GIVA Jewelry is planning to utilize the fresh funding capital in the following ways:

To expand the channel, and
Diversifying its range of jewelry pieces to enter into new categories.

Now the customers can expect from GIVA to broaden its digital and physical presence further and enhance its product range by expanding into new categories that are gaining popularity among youth nowadays.

GIVA Jewellery was founded by Ishendra Agarwal, Nikita Prasad, and Sachin Shetty in the year 2019. The brand has promised to serve a variety of offers as an exclusive jewelry collection of rings, necklaces, earrings, bracelets, and pendants. All of the ornaments will be crafted by using 925 hallmark silver and stones.

GIVA has established an offline store now through its network of three exclusive stores located in Bengaluru. The brand has partnered with retail giants like Shoppers Stop and Reliance Trends over India.

EXECUTIVE OPINION:

Ishendra Agarwal, Founder, of GIVA, said, “As a brand, GIVA has grown by leaps and bounds in the challenging post-COVID period, thanks to peerless unit economics and a passionate team that is spearheading various initiatives across online and offline retail channels. We believe the time is ripe to expand our operations and product lineup, in turn, making GIVA a household name when it comes to silver jewelry.”

Aryaman Vikram Birla, Founder of Aditya Birla Ventures, added, “With a strong focus on product, customer-centricity, and engagement, GIVA is one of the fastest-growing silver jewelry brands nationally. The investment is in line with our vision to back outstanding founding teams building leading businesses of tomorrow.”

Tags : GIVA, a Jewelry brand, StartupsDekho

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GIVA has closed Series B round from various investors

Tags : GIVA, a Jewelry brand, StartupsDekho

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