Bengaluru, June 25 -- Jewellery brand Giva has secured Rs.530 crore in a Series C funding round led by growth-stage investment firm Creagis at an undisclosed valuation. Existing investors Premji Invest, Epiq Capital and Edelweiss Discovery Fund also participated in the round.

The company aims to expand its retail footprint and its range of lab-grown diamonds. It will use the funds to widen its omni-channel presence and expand into new categories including lab-grown diamond jewellery, it said in a statement on Wednesday.

Bengaluru-based Giva currently has more than 240 physical stores across India and plans to open up to 150 more stores this year, with a strong focus on tier II cities, where it said it has seen robust demand.

Founded in...