Jewelry Retailer Giva Raises $100M+ for Major Expansion
2 reports, 1 independent
Updated Tue 00:00
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What happened
Jewelry retailer Giva secured a funding round exceeding $100 million, led by Multiples Alternate Asset Management. The company plans to expand its store network to over 1,000 locations in India over the next five years. Fresh capital will be used to expand manufacturing, open new stores, and strengthen leadership.
From indiatimes.com
Why it matters
The funding round and subsequent expansion plans signal significant capital injection into the jewelry retail sector. Giva reported revenue of about Rs 865 crore in FY26, reflecting a compound annual growth rate of more than 70% over the past three years.
From indiatimes.com
Who's involved
- Sri LankaA country where Giva currently operates more than 400 stores.
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The entities involved
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Sri Lanka
island country in South Asia