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Published
Jan 20, 2022
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Giva raises $10 million from investors

Published
Jan 20, 2022

Silver jewellery start-up Giva has raised $10 million (Rs 74 crore) from investors including Sixth Sense Ventures, A91 Partners and other marquee investors like India Quotient, Grand Anicut Angel Fund, and Founder's Bank Capital.
 

Giva raises $10 million to strengthen online, offline presence - Giva - Facebook


The company will utilise the funds to expand its retail presence coupled with strengthening of its online network to make deeper inroads in the silver jewellery market in India.
 
Give also plans to enter the international markets and diversify its product range to cater to a wider set of audiences.

Commenting on the funding, Ishendra Agarwal, founder of Giva in a statement said, “This funding round is a testament to the inroads made by Giva in the short span of time and reflects the immense growth potential available, driven by a tectonic shift in consumption patterns of Indian consumers favouring silver jewellery."
 
Giva has set a revenue target Rs 200 crore for the financial year 2021-22. The brand has recently partnered with retail chain Shoppers Stop for its offline expansion.
 
Founded in 2019, Giva products are currently available online on its website and marketplaces such as Amazon, Myntra, AJIO, TataCliq , Nykaa, and others.

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