Bengaluru-based direct-to-consumer jewelry brand Giva has raised approximately US$11.7 million through equity and debt funding, according to regulatory filings. The funds were obtained from Alteria Capital and Northern Arc.

The company raised US$5.95 million in equity by issuing 1,360 series B2 compulsorily convertible cumulative partly paid preference shares at an issue price of US$168.29 each to Alteria Capital Fund III.

Additionally, GIVA secured US$5.7 million in debt funding through the issuance of 5,000 series B1 non-convertible debentures priced at US$1,144.84 each to Northern Arc.

Giva plans to use the newly acquired capital for general corporate operations and to expand its retail presence.

Currently, the brand operates 199 stores across Tier I and Tier II cities, including Bengaluru, Pune, Hyderabad, Mumbai, Delhi NCR, and Ahmedabad.