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GIVA Jewelry to Open 800 New Stores in 3 Years
23 Nov
Summary
- GIVA plans to aggressively expand to 340 stores by March 2026.
- The brand aims for 800-1,000 stores across India within three years.
- Recently raised ₹530 crore for retail expansion and manufacturing.
Direct-to-consumer fine jewelry brand GIVA is embarking on a significant retail expansion, with plans to grow its store count to 340 by March 2026. The company's ambitious vision extends to operating 800 to 1,000 stores throughout India in the next three years, building on its current network of 280 outlets. This expansion will see a substantial number of new stores opening within the current fiscal year.
Founder Ishendra Agarwal highlighted a strategic shift towards increasing store density, aiming for a presence every 2-3 kilometers in target markets, a move from the previous 5-kilometer radius model. GIVA has established a strong presence in major cities like Bengaluru and Delhi-NCR, while also deepening its reach into Tier-2 cities such as Indore, Lucknow, and Jaipur.
This aggressive growth strategy is supported by a recent ₹530 crore Series C funding round led by Creaegis. The capital infusion will primarily fund retail expansion, bolster manufacturing capabilities to strengthen the supply chain, and cover working capital needs, positioning GIVA for continued market penetration and product enhancement.
