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June 26, 2025Giva raises ₹530 crore to tap India’s growing demand for lab-made diamonds
Founded in 2019 by Ishendra Agarwal and Nikita Prasad, Giva started selling 925 sterling silver jewellery and has since diversified into 14K/18K gold and lab-grown diamond jewellery. It has raised nearly $60 million in funding so far. Its previous funding round was in October 2024, in which it raised ₹255 crore from a group of investors at a valuation of ₹2,170 crore, as Mint reported.
With prices at least 30-50% lower than those of their mined counterparts, these stones have helped fulfil the aspirations of many Indians who cannot afford natural diamonds.
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.
