spot_img

Alteria Capital invests Rs 40 Cr venture debt funding in silver jewellery startup GIVA

Date:

Share post:



Sujata Sangwan ( )

Venture debt fund Alteria Capital has invested Rs 40 crore of venture debt funding in silver jewellery startup GIVA.

The startup’s collection includes earrings, necklaces, bracelets, and rings, crafted from sterling silver for everyday wear.

“We plan to deploy the raised capital in driving channel expansion and further expanding our range of exquisitely crafted jewellery products,” said Ishendra Agarwal, Co-founder, GIVA.

GIVA

GIVA claims to have an omnichannel presence with more than 50 offline touchpoints currently active across the country. It expects this to exceed 200 by the end of 2023 and achieve revenues of Rs 350 crore in FY24.

The company has raised $17.5 million till date from investors like A91, Sixth Sense, Aditya Birla Ventures, Anicut and India Quotient.

“We believe Giva is well poised to play a pivotal role in bringing fine jewellery to the masses in India and has been able to make great inroads in both offline and online channels across the country,” said Ankit Agarwal, Managing Partner, Alteria Capital.

Alteria Capital has a corpus of Rs 3800 crore across three funds. It recently had the first close of its third fund of Rs 1000 crore from domestic investors and has backed over 120 companies across sectors and stages. Some of the companies it has backed include Rebel Foods, Mensa Brands, Believe, Mosaic Wellness, Sleep Company, Niyo, Country Delight, Kapiva, Jupiter among others.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img
spot_img

Related articles

KA HC Allows Superintendent to Revoke GSTIN Cancellation Order After GST Filing

Arpit Kulshrestha If the applicant furnishes the returns then the Karnataka High Court would allow the...

8 world’s most beautiful waterfalls you must see at least once

Updated On Mar 24, 2023 05:59 PM IST Whether you are a nature lover, adventure seeker...

Five Nykaa executives resign amid trembling share prices: Report

Pooja Malik ( ) Five executives from Nykaa—the beauty company operated by FSN E-Commerce Venture—have resigned...
spot_img