Giva to raise Rs 270 Cr debt led by BlackSoil to fund 300-store push by FY26

Omnichannel jewelry startup Giva is closing a Rs 270 crore ($28M) debt round led by BlackSoil at 13.4% interest, with InCred, Stride and Nuvama joining. Capital fuels working capital and expansion from 210 stores across 25 cities to 300+ outlets by FY26. FY25 revenue hit Rs 518 Cr (+89%) against a Rs 72 Cr loss.

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

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
  • 13.4% interest
  • 210 stores
  • 25 cities
  • 300 outlets target FY26
  • Rs 518 crore revenue FY25
  • 89% revenue growth
  • Rs 72 crore loss
  • $158 million raised to date

Why this matters

Giva's omnichannel jewelry play hitting 300 stores positions it as a consolidation candidate or strategic partner for legacy jewelers seeking digital-native distribution and younger demographics.