TPG, Sofina, Multiples in race to pick up $80-100 million stake in Giva
Jewellery startup Giva is reportedly in advanced discussions with major private equity firms for a funding round between $80 million and $100 million. The investment could potentially value the company at approximately ₹6,000 crore.
Giva is currently negotiating with a group of high-profile private equity players, including TPG, Sofina, and Multiples. The deal aims to secure a significant stake in the jewellery retailer as it seeks to expand its market presence.
The funding round, estimated to be in the range of $80-100 million, reflects strong investor interest in the branded jewellery sector. This capital injection is expected to support the company's growth trajectory and digital expansion.
If finalized, the transaction would place a valuation of about ₹6,000 crore on the startup. The selection of investors underscores the scale at which the company is operating within the Indian luxury and accessory market.
Source: Economic Times
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