Bluestone bags Rs 900cr in pre-IPO round, to file draft papers this year

Bluestone has successfully completed a Rs 900-crore financing round, which has significantly increased its valuation to $970 million. This funding round involved participation from notable investors such as Peak XV Partners, Prosus, and Steadview Capital. Following this successful round, Bluestone plans to file for an IPO within the year. Notably, Kalaari Capital made a partial exit from its investment, earning approximately ₹300 crore. The funding has more than doubled the company's valuation, positioning it strongly for its upcoming IPO.

Bluestone

Bluestone Snags INR 900 Cr From Peak XV, Prosus, Others In Pre-IPO Funding

Bluestone has successfully completed a pre-IPO funding round, raising INR 900 Cr, which elevates its valuation to $970 million. Notable investors in this round include Peak XV Partners, Prosus, Steadview Capital, Think Investments, and Pratithi Investments. The funding consists of INR 600 Cr in primary capital infusion, with the remainder from a secondary share sale. Bluestone is also preparing to file its draft red herring prospectus for its upcoming IPO with the stock market regulator later this year.

Bluestone is a technology-driven company that specializes in providing point-of-sale payment solutions to retailers. The company offers a platform that facilitates seamless financing options for consumers, enabling them to make purchases and pay over time. Bluestone's services are designed to enhance the shopping experience and drive sales for its merchant partners.

BlueStone, founded in Bangalore in 2011 by Gaurav Singh Kushwaha, is one of India's largest digital-first fine jewellery brands. The culmination of a rapidly-evolving consumer preference to shop online and the legacy jewellery industry's low digital adoption, the trusted brand is synonymous with modernity and digitisation.

BlueStone has revolutionised the jewellery space by creating an endless aisle online with 100+ experiential stores offline, delivering a seamless omnichannel journey for cosmopolitan couples. Their proprietary tech stack enables consumers to tailor their preferences into their journey from design to delivery, making it possible for BlueStone to be a part of their momentous milestones online, in-store or from the comfort of their homes.

The 100% certified jewellery designs come with Lifetime Exchange and Buyback and range across gold, platinum, diamonds and gemstones, ensuring something to suit every mood, moment and budget. 

The brand's design and digital vision are backed by funding from institutional stalwarts like Accel Partners, Kalaari Capital, Saama Capital, Hero Enterprises and more. To learn more, visit www.bluestone.com.

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