The Bengaluru-based silver jewellery brand, Giva, plans to open three standalone retail stores with an investment of Rs 2 crore.
The move forms part of the brand’s offline expansion plan and according to Founder Ishendra Agarwal, the new stores will be launched over the next three months. Recently, Giva partnered with retail chain Shopper’s Stop to augment its offline presence in metro cities. Meanwhile, the jewellery brand is also in talks with other retail chains such as Reliance, Centrum and Lifestyle with hopes to open 20 to 30 franchise stores in the future.
Ishendra Agarwal said: “We are planning two to three standalone stores across metro cities like Delhi and Mumbai. Once we pilot across tier one metro cities, the second step would be to go to tier two cities.”
Speaking on the brand’s growth, Agarwal shared that the company is eyeing revenue of Rs 200 crore in FY 2022-23.
