India, Nov. 3 -- Bengaluru-based D2C jewellery brand GIVA has raised Rs.975 Cr (about $103 Mn) in a funding round led by Multiples Alternate Asset Management, with participation from existing investors Epiq Capital and Edelweiss Discovery Fund, as it looks to accelerate its offline expansion, strengthen manufacturing capabilities, and widen its product portfolio.

The transaction comprised a mix of primary and secondary capital, alongside an ESOP buyback, GIVA cofounder and CEO Ishendra Agarwal told Inc42.

Early investors India Quotient and Sixth Sense Ventures will partially exit through the transaction while retaining stakes, Agarwal said. Multiples will also secure a board seat.

GIVA's seventh ESOP buyback, worth approximately Rs.20-...