Bengaluru-based online silver jewellery startup GIVA has received its Series A funding round of $10 million led by D2C focused venture capital funds, Sixth Sense Ventures and A91 Partners. Other marquee investors included India Quotient, Grand Anicut Angel Fund, and Founder’s Bank Capital.
The funding will be reportedly channeled to provide a major fillip to the startup’s expansion strategy, product development and establishing international footing. Founded in 2019, GIVA aims to solidify its presence as the leader in the silver jewellery segment.
“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. We will be employing these funds to innovate contemporary offerings in the jewellery space, expand our presence globally and augment our online and offline sales channels. Our anchor investors with their expertise in accelerating the growth of the D2C brands will serve as a guiding force to catapult GIVA onto the next growth phase and achieve a target revenue of Rs 200 crore for FY2022”, said Ishendra Agarwal, Founder – GIVA.
Jewellery startup GIVA raised $10 million in series A from sixth sense
