About the Company
Giva Jewellery was founded with the vision to provide high-quality, elegant, and affordable silver jewellery to customers across India. Headquartered in Bangalore, India, Giva Jewellery has established itself as a leading brand in the fine jewellery segment, catering to customers through its online platform and select retail outlets. The brand specializes in 925 sterling silver jewellery, offering a wide range of products, including rings, earrings, bracelets, and necklaces, with contemporary and traditional designs.
Business Model
Giva Jewellery operates through the following key business segments:
a) E-Commerce Platform
Description: Giva Jewellery primarily sells its products through its online platform and major e-commerce marketplaces like Amazon, Flipkart, and Nykaa.
Key Clients and Markets: Focuses on fashion-conscious consumers looking for premium yet affordable jewellery.
b) Retail Expansion
Description: The company has expanded into offline retail through exclusive brand outlets (EBOs) and partnerships with select jewellery stores.
Competitive Advantage: A seamless blend of online and offline presence, providing accessibility and convenience.
c) Revenue Streams
Giva Jewellery generates revenue through:
- Direct-to-Consumer Sales: Online and offline jewellery sales.
- Custom Jewellery Services: Personalized jewellery-making options.
- Corporate Gifting: Customized jewellery solutions for corporate clients.
What Problem is the Startup Addressing?
Giva Jewellery aims to solve the accessibility and affordability challenges in the fine jewellery market by offering:
- Premium Quality at Affordable Prices: High-quality sterling silver jewellery that is more affordable than traditional gold and diamond options.
- Certified and Authentic Products: BIS hallmarked 925 sterling silver to ensure quality and authenticity.
- Convenient Shopping Experience: A robust e-commerce platform with seamless delivery, easy returns, and customer-friendly policies.
- Sustainable and Ethical Sourcing: Environmentally responsible and ethically sourced materials, appealing to conscious consumers.
Key Financial Numbers
- Revenue (Latest): ₹XX crore ($XX million) as of March 31, 2024.
- Profitability: ₹XX crore ($XX million) net profit/loss (as of March 31, 2024).
- Growth Rate: XX% year-over-year growth.
- Funding: Raised ₹XX crore from investors, including A91 Partners, Sixth Sense Ventures, and other strategic partners.
- Market Valuation: ₹XX crore as of [latest funding round date].
About the Founders
- Nikita Prasad – Co-Founder & CEO
Education: [Education details]
Professional Background: Experienced in e-commerce and luxury brand management.
Role in Company: Leads overall strategy, brand development, and customer engagement initiatives. - Ishendra Agarwal – Co-Founder & COO
Education & Background: [Education details]
Contributions: Manages operations, logistics, and business growth strategies.
