GIVA Jewellery closes extended Series B funding with Rs 255 Cr

Quick Summary:

GIVA, which competes with Mia and CaratLane in the fine jewellery category, will use the funds for offline expansion, strengthening its lab-grown diamond offerings.

YourStory had reported earlier that the new round in July valued the company at slightly over $250 million, a 2X jump from its previous valuation.

The funding round, comprising 35% primary and 65% secondary investments, saw a partial exit of A91 Partners and India Quotient.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Diamond Jewellery Funding Policy Giva Lab-grown Offerings Crore Series Privacy Invest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 05:26:43 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 220 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23030618

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 9 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publisher ID: #44

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