GIVA Raises INR 102 Cr To Open New Stores

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SUMMARY

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…



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GIVA Raises INR 102 Cr To Open New Stores


SUMMARY

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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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