TPG, Sofina, Multiples vie for $80-100M stake in Giva at ₹6,000 crore valuation
Jewellery brand Giva is in advanced talks with PE funds TPG, Sofina and Multiples for an $80-100 million stake at a ~₹6,000 crore valuation, up from ₹4,800 crore. Funds will back store expansion, inventory and lab-grown diamond growth. FY25 revenue rose 89% to ₹518 crore against a ₹72 crore loss.
PE funds TPG, Sofina and Multiples are in advanced talks for an $80-100 million stake in jewellery brand Giva, valuing it at ~₹6,000 crore, funding store expansion, inventory and lab-grown diamond growth across India.
Why this matters
Giva's push to raise at a ₹6,000 crore valuation reflects rapid scaling, with FY25 revenue up 89% to ₹518 crore despite losses, as PE interest sharpens around fast-growing D2C jewellery brands.
Retail-brand signals accelerating, up 294300% QoQ.