Giva closes Rs 270 Cr debt round led by BlackSoil to fuel store expansion to 300 outlets by FY26
Omnichannel jewelry brand Giva is raising $28M in debt with BlackSoil, InCred, Stride and Nuvama joining the round. Capital will fund working capital and a push from 210 to 300 stores across India by FY26. Revenue grew 89% to Rs 518 Cr, though losses widened to Rs 72 Cr as the brand chases BlueStone and CaratLane.
Omnichannel jewelry startup Giva is raising Rs 270 crore ($28M) in debt led by BlackSoil, with InCred, Stride, and Nuvama participating, to fund working capital and store expansion. Giva runs 210 stores across 25 Indian cities and targets 300 by FY26.
Why this matters
Giva is doubling down on offline retail to close the gap with BlueStone and CaratLane, trading deeper losses for 89% revenue growth and a near-50% store footprint expansion.
Retail-company signals steady at 788 in the last 90 days, reflecting sustained expansion activity.