Latest news with #Creaegis
Time of India
25-06-2025
- Business
- Time of India
GIVA raises Rs 530 crore led by Creaegis
Fine jewellery brand GIVA on Wednesday said it has raised Rs 530 crore in its latest funding round led by Creaegis . This funding round also saw participation from existing investors, including Premji Invest, Epiq Capital, and Edelweiss Discovery Fund, the company said in a statement. The capital raised will be used to scale GIVA's retail and digital footprint, enhance tech-enabled supply chain capabilities, deepen its offerings in lab-grown diamond jewellery and expand into new categories. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo "Welcoming Creaegis as a lead investor in this round marks an important step in our growth journey. With the continued support of our existing investors, we're focused on elevating the fine jewellery experience for modern Indian consumers and accelerating our journey towards market leadership," GIVA founder Ishendra Agarwal said. Currently, GIVA retails through over 240 physical stores across India and is planning to open 145-150 additional stores this year, with a focus on Tier II cities , where it continues to witness robust demand.
Entrepreneur
25-06-2025
- Business
- Entrepreneur
D2C Jewellery Brand GIVA Secures INR 530 Cr Led by Creaegis
The newly secured capital will be used to expand GIVA's retail and digital presence, upgrade its tech-enabled supply chain, strengthen its lab-grown diamond offerings, and diversify into new product categories. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. D2C fine jewellery brand GIVA has raised INR 530 crore in a fresh funding round led by growth-stage investment firm Creaegis. Existing investors Premji Invest, Epiq Capital, and Edelweiss Discovery Fund also participated in the round. The newly secured capital will be used to expand GIVA's retail and digital presence, upgrade its tech-enabled supply chain, strengthen its lab-grown diamond offerings, and diversify into new product categories. The brand, known for bringing affordable luxury to modern Indian consumers, is setting its sights on tier II cities as part of its aggressive offline expansion plan. "Welcoming Creaegis as a lead investor in this round marks an important step in our growth journey," said Ishendra Agarwal, Founder, GIVA. "Their deep expertise in building digital-first, consumer-centric businesses makes them an ideal partner as we scale our omni-channel presence and strengthen our capabilities across product, technology, and operations." Founded in 2019 by Ishendra Agarwal and Nikita Prasad, GIVA began with a focus on 925 sterling silver jewellery. Since then, it has evolved to include 14K/18K gold and lab-grown diamond jewellery, catering to the growing demand for sustainable and elegant jewellery options. The Bengaluru-based brand offers a wide range of minimalist designs, including pendants, rings, bracelets, necklaces, and chains. Prakash Parthasarathy, Managing Partner and CIO at Creaegis, said, "We are excited to partner with GIVA as they embark on their next phase of growth in the everyday wear fine jewellery segment. The company's strong digital presence, omni-channel capabilities, and product innovation position it well for market leadership." Today, GIVA operates through over 240 physical stores across India and plans to add 145–150 more this year, focusing on untapped demand in smaller cities. In a key leadership development, Aditya Labroo, previously Chief Operating Officer, has been elevated to Co-founder, recognising his crucial contributions to the company's rapid ascent.
Yahoo
11-03-2025
- Business
- Yahoo
Fintech Zolve raises $251 million in its largest funding round yet
(Reuters) - Zolve raised $251 million in its latest equity and debt financing round, the neo bank said on Tuesday, led by Indian private equity firm Creaegis, an existing investor, with participation from names like HSBC and SBI Investment. The latest funding, by far the largest in the Houston, Texas-based company's history, has given it a valuation of around $800 million, a source close to the deal told Reuters. The funding for cross-border company Zolve comes at a time when venture funding in the United States has remained subpar, while activity in India has seen a significant bump. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. Creaegis, a company headquartered in the southern Indian city of Bengaluru, also led Zolve's previous financing in 2024. Zolve seeks to end credit woes for new entrants to the U.S. who are considered high-risk borrowers, by helping them access financial services from their first day in the country. "When talented people move countries, their financial history is erased overnight. We're changing that by giving global citizens access to credit and banking from day one," said Zolve's founder and CEO Raghu Gangappa. The funding round will help the company scale its business, Zolve said. The neo bank, which was launched in 2021 and has over 750,000 customers, plans to expand into Canada, the U.K. and Australia, and incorporate sectors like auto, personal and education loans into its business portfolio. The funding round also featured some other existing investors like Accel, Lightspeed Venture Partners and Sparta Group.
Reuters
11-03-2025
- Business
- Reuters
Fintech Zolve raises $251 million in its largest funding round yet
March 11 (Reuters) - Zolve raised $251 million in its latest equity and debt financing round, the neo bank said on Tuesday, led by Indian private equity firm Creaegis, an existing investor, with participation from names like HSBC and SBI Investment. The latest funding, by far the largest in the Houston, Texas-based company's history, has given it a valuation of around $800 million, a source close to the deal told Reuters. The funding for cross-border company Zolve comes at a time when venture funding in the United States has remained subpar, while activity in India has seen a significant bump. Creaegis, a company headquartered in the southern Indian city of Bengaluru, also led Zolve's previous financing in 2024. Zolve seeks to end credit woes for new entrants to the U.S. who are considered high-risk borrowers, by helping them access financial services from their first day in the country. "When talented people move countries, their financial history is erased overnight. We're changing that by giving global citizens access to credit and banking from day one," said Zolve's founder and CEO Raghu Gangappa. The funding round will help the company scale its business, Zolve said. The neo bank, which was launched in 2021 and has over 750,000 customers, plans to expand into Canada, the U.K. and Australia, and incorporate sectors like auto, personal and education loans into its business portfolio. The funding round also featured some other existing investors like Accel, Lightspeed Venture Partners and Sparta Group.
