TPG, Sofina, Multiples chase $80-100M stake in Giva at ₹6,000 crore valuation
PE funds are in advanced talks to back the Bengaluru jewellery brand, marking a ~25% valuation jump from its ₹4,800 crore Series C. Capital targets store expansion—150 new outlets on top of 240+—and lab-grown diamond growth. FY25 revenue rose 89% to ₹518 crore, though losses widened to ₹72 crore.
PE funds TPG, Sofina and Multiples are in advanced talks to acquire an $80-100 million stake in jewellery brand Giva, valuing it at ~₹6,000 crore, to fund store expansion and lab-grown diamond growth.
Why this matters
Giva's fundraise talks come at a ~25% valuation step-up from its ₹4,800 crore Series C, backing aggressive store expansion and lab-grown diamond growth despite widening losses.
Retail-company signals are accelerating, up +767900% QoQ.