Giva closes Rs 270 Cr debt round led by BlackSoil to fuel store expansion to 300 outlets by FY26

Omnichannel jewelry brand Giva is raising $28M in debt with BlackSoil, InCred, Stride and Nuvama joining the round. Capital will fund working capital and a push from 210 to 300 stores across India by FY26. Revenue grew 89% to Rs 518 Cr, though losses widened to Rs 72 Cr as the brand chases BlueStone and CaratLane.

— Source publishedThu, 21 May, 2026, 13:22 IST·First seen Thu, 21 May, 2026, 13:23 IST·Source Entrackr

What happened

GIVA · Omnichannel jewelry startup Giva is raising Rs 270 crore ($28M) in debt led by BlackSoil, with InCred, Stride, and Nuvama participating, to fund working

Key facts

  • Rs 270 crore
  • $28 million
  • Rs 90 crore
  • Rs 70 crore
  • Rs 40 crore
  • 13.4%
  • 210 stores
  • 25 cities
  • 300 outlets FY26
  • Rs 518 crore revenue
  • 89% growth
  • Rs 72 crore loss
  • $158 million raised

Why this matters

With Giva accelerating physical retail to chase BlueStone and CaratLane, the omnichannel jewelry segment is consolidating fast—M&A windows on smaller regional players are narrowing.