Omnichannel jewellery startup Giva has reportedly raised about $12 million in an extended Series B funding round. Separately, health-focused bread brand The Health Factory has raised $3.5 million in seed funding while Aarna.ml, a provider of open-source GPU-as-a-Service (GPUaaS) AI cloud software, has garnered $6.7 million.
PremjiInvest invests $12m in Giva
Omnichannel jewellery startup Giva has raised about $12 million (Rs 100 crore) in an extended Series B funding round from Premji Invest, Entrackr reported.
The company’s board has passed a resolution to offer and issue 68,028 Series B1 compulsorily convertible preference shares (CCPS) for Rs 14,700 per share to PI Opportunities Fund II (Premji Invest) to raise the aforementioned amount.
The funding for Giva comes more than a year after it raised about $33 million in its Series B round led by Premji Invest in July last year. The financing also saw participation from existing investors Aditya Birla Ventures, Alteria Capital and A91 Partners.
Established in 2019 as a silver jewellery retailer, Giva has expanded its offerings to include gold jewelry and lab-grown diamonds.
The Health Factory raises $3.5m led by Peak XV
Health-focused bread brand The Health Factory has raised $3.5 million in its seed funding round led by Surge, Peak XV’s scale-up programme for early-stage startups.
Angel investors including Kartik Mehta, Ali Tambawala and Sunil Tulsiani also participated in the round, per a company statement.
The company will use the funding proceeds to ramp up its product development and research and development (R&D) initiatives, enabling the creation of new product segments. The company also plans to expand its retail presence across general and modern trade channels besides enhancing its logistics and operational technologies.
Exfinity Venture backs Aarna.ml
Aarna.ml, a provider of open-source GPU-as-a-Service (GPUaaS) AI Cloud software, has closed its Series A funding round at $6.7 million.
In the first tranche of Series A, Aarna.ml raised $5.5 million in October 2023 from prominent investors like NVIDIA, LDV Partners, 3Lines, CARAT Venture Partners, among others. The latest infusion by Exfinity Venture Partners has marked the close of the company’s Series A round.
The company plans to use the capital to accelerate product development for the GPU cloud management use case, it said in a statement.
Aarna.ml enables GPU-as-a-service providers and NVIDIA Cloud Partners (NCP) to offer hyper scaler-grade multi-tenant GPU instances with full isolation while leveraging a common underlying GPU pool. The company lists Tigo, LGE, Equinix, Keysight, CableLabs, and CapGemini Engineering as its customers.
Founded in 2018, Aarna.ml is based in San Jose, California, and Bengaluru India.
