India, June 10 -- D2C jewellery brand GIVA is raising INR 450 Cr (around $53 Mn) in a fresh funding round at a valuation of $374 Mn, as per its regulatory filings accessed by Inc42. This marks a 47% increase from the $254 Mn valuation at which the startup last raised capital in 2024.

The board of GIVA passed a resolution on May 26 to issue 1.73 Lakh Series C compulsorily convertible preference shares (CCPS) at INR 25,947 per share to raise the aforesaid amount from a group of investors led by Creaegis.

The VC firm, through its investment arm CIF II Scheme I, will infuse INR 235 Cr in the new-age jewellery startup. Other participants include existing backers Premji Invest, which will inject INR 125 Cr, and Epiq Capital, which will invest...