India, June 25 -- Update| June 25, 12:34 PM

D2C jewellery startup GIVA has secured INR 530 Cr (around $62 Mn) in its latest funding round led by Creaegis, along with participation from existing investors such as Premji Invest, Epiq Capital and Edelweiss Discovery Fund.

GIVA said in a statement that the fresh proceeds will be deployed to boost its retail and digital footprint, enhance tech-enabled supply chain capabilities, deepen its offerings in lab-grown diamond jewellery and expand into new categories.

It plans to open 145 to 150 stores especially targeting tier II cities. Currently, the Bengaluru-based startup has more than 240 stores in the country.

Additionally, the startup has also elevated its chief operating officer Aditya La...