GIVA Raises INR 102 Cr To Open New Stores

The fundraise comprised INR 52 Cr equity infusion from Alteria Capital and INR 50 Cr debt from Northern Arc

GIVA’s board passed a resolution to raise the sum through issuance of Series B2 preference shares and Series B1 debentures

This comes at a time when GIVA’s rival BlueStone is gearing up for its INR 1,000+ Cr IPO

D2C jewellery brand GIVA has raised INR 102 Cr (about $11.7 Mn) in a mix of equity and debt from Alteria Capital and Northern Arc.

As per the company’s regulatory filings, GIVA allotted 1,360 Series…