Now Reading: GIVA raises over $100 million in funding led by Multiples PE
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GIVA raises over $100 million in funding led by Multiples PE
The Story in Brief
Bengaluru-based jewellery brand GIVA has raised over $100 million (₹975 crore) in a funding round led by Multiples Alternate Asset Management, with existing investors Epiq Capital and Edelweiss Discovery Fund also participating. The transaction includes primary and secondary capital and GIVA's seventh ESOP buyback, which will benefit around 50 to 60 employees. Early investors India Quotient and Sixth Sense Ventures are partially exiting, while Multiples gets a board seat. The company did not disclose its current valuation but indicated it is higher than the ₹4,500 to ₹4,800 crore range from its previous round, with Livemint reporting a range up to ₹6,000 crore.
GIVA reported revenue of approximately ₹865 crore in FY26, against ₹505 crore in FY25, and narrowed its negative EBITDA margin to single digits. The brand operates around 425 stores and plans to add 160 outlets this financial year (FY26-27), focusing on Tier II and III cities. It aims to reach over 1,000 stores in the next three to five years. The fresh capital will be used to scale manufacturing, strengthen the leadership team and expand its omnichannel presence.
Indian Opinion Analysis
All five sources report the same core facts: GIVA raised over $100 million led by Multiples PE, with Epiq Capital and Edelweiss Discovery Fund participating, and plans to add 160 stores this fiscal year (FY26-27). The coverage is uniform straight reporting with no discernible stance variation across outlets. Inc42, CNBC-TV18, Fortune India, Livemint and Entrackr all lead with the fundraise figure and offline expansion plans, each quoting Ishendra Agarwal or the company statement. The only substantive difference is that Livemint gives the valuation range as between ₹4,800 crore and ₹6,000 crore, while Inc42 reports the previous round at ₹4,500 to 4,600 crore and Entrackr notes $28 million in debt raised in May 2026 as possibly part of this round. The uniformity suggests this is an uncontroversial business fundraising story with no political or regulatory angle.
Coverage: 5 sources, 5 neutral
Sources (5): inc42.com (neutral report), cnbctv18.com (neutral report), fortuneindia.com (neutral report), livemint.com (neutral report), entrackr.com (neutral report)
This brief was synthesised by AI from the 5 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Update, 3 November 2026: this story now draws on 5 sources.
