Silver Jewelry
1 audited teardown. Data first, narratives last.
Fintech (24)D2C (12)E-commerce (7)Consumer (3)Direct-to-Consumer (3)EdTech (3)Mobility (3)NBFC (3)Audio Streaming (2)Consumer Electronics (2)Diagnostics (2)F&B (2)Healthcare (2)Insurtech (2)P2P Lending (2)Quick Commerce (2)Auto-Tech (1)B2B (1)B2B Seafood (1)E-pharmacy (1)Edtech (1)Entertainment (1)Furniture Rental (1)Health & Wellness (1)Health Tech (1)Hospitality (1)Logistics (1)Manufacturing Marketplace (1)Payments (1)Rental Marketplace (1)Roll-Up (1)SaaS (1)Silver Jewelry (1)Social Media (1)Used Car Marketplace (1)Wealth Management (1)
GIVA
GIVA Lost ₹52 Cr. Burned ₹98 Cr in Cash. That's the Real Story.
GIVA's FY2025 revenue reached ₹518.94 Cr, tripling from ₹165.68 Cr in FY2023. The gross margin in FY2024 was 58%. The operating cash flow that year was -₹98.06 Cr, nearly twice the reported net loss of ₹52.17 Cr. The gap is explained by one line: marketing spend of ₹71.80 Cr on ₹274 Cr revenue. FY2025 is the first year GIVA raised ₹100 Cr in NCDs instead of equity. The full FY2025 P&L is not visible in standard extractable filings.
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