Jewellery startup Giva is in advanced talks with private equity firms TPG, Sofina, and Multiples for a funding round worth $80-100 million, which could value the company at around ₹6,000 crore, according to livemint.com. The round aims to support Giva’s expansion amid growing demand for lab-grown diamonds in India’s jewellery market.
The negotiations involve multiple private equity players competing to acquire a significant stake in Giva. The company has attracted interest due to its focus on lab-grown diamonds, a segment gaining traction in India. The funding round is expected to close soon, with the proceeds intended to fuel Giva’s growth plans and market penetration, livemint.com reported.
This round reflects increasing investor appetite for lab-grown diamond ventures in India, where consumer preferences are shifting towards sustainable and affordable jewellery options. Comparable deals in the sector have shown strong valuations, highlighting the potential of startups like Giva to capture market share. The involvement of established private equity funds underscores the sector’s maturation and the rising prominence of lab-grown diamonds.
Giva’s valuation at approximately ₹6,000 crore places it among the leading players in India’s lab-grown diamond space. The company’s next steps will be closely watched as the funding round concludes, potentially setting a benchmark for future investments in the jewellery startup ecosystem, livemint.com noted.