Mumbai, Nov. 3 -- Jewellery startup Giva has raised over $100 million in a funding round led by Multiples Alternate Asset Management, alongside existing investors Epiq Capital and Edelweiss Discovery Fund.

While the company has not disclosed its valuation, Ishendra Agarwal, founder and chief executive officer of Giva, said it was higher than the Rs.4,800 crore valuation at which it raised its previous round. He said the current valuation was between Rs.4,800 crore and the Rs.6,000 crore valuation previously reported by Mint in August.

The transaction also includes Giva's seventh ESOP (employee stock ownership plan) buyback, reflecting the company's commitment to recognising and rewarding employees, it said in a statement on Tuesday.

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