Mumbai, Aug. 11 -- Private equity firm Multiples has signed an exclusive agreement to acquire a stake worth $80-100 million in jewellery startup Giva, two people familiar with the matter told Mint.

The deal is likely to value the company at about Rs.6,000 crore and will be a mix of primary and secondary transactions, the people said, adding that the transaction is expected to close in the coming weeks.

The primary capital will go towards opening new stores, expanding inventory lines and strengthening manufacturing capabilities, including in the lab-grown diamond segment.

Mint reported last month that private equity funds, including TPG, Sofina and Multiples are in advanced stages of negotiations to acquire a stake in the company and th...