Jewellery retailer Bluestone, which on Thursday filed the draft papers for an initial public offering, is expected to price the issue at a valuation of Rs 12,000-13,000 crore, a more than 50% jump from its most recent fundraising from the private market, people in the know told ET. In August, the Bengaluru-based company closed a…
Bluestone’s board has given a go ahead for its initial public offering through which the jewellery retailer is looking to raise Rs 1,000 crore in fresh capital. The company is expected to file its draft red herring prospectus over the course of next week or so, people aware of the matter said. Offline store expansion…
Representative Image Aditya Birla Digital Fashion Ventures Ltd, a wholly owned subsidiary of Aditya Birla Fashion and Retail Ltd, has invested Rs 75 crore in Wrogn, the men’s wear brand backed by Accel and cricketer Virat Kohli. “ABDFVL, a wholly owned subsidiary of the company, has infused Rs 75 crore of the final remaining portion…
Jewellery retailer Bluestone has closed a Rs900-crore financing round that more than doubles the IPO-bound firm’s valuation to $970 million, or Rs 8,100 crore, multiple people aware of the development said. The Accel-backed firm is now set to file the draft red herring prospectus for its initial public offering (IPO) with the stock market regulator…
Venture capital firm Accel has invested $9 million in Uppercase, nearly doubling the new-age luggage maker’s valuation after the investment to $60 million. The investment is earmarked for fuelling the brand’s expansion through new retail stores domestically as well as in Europe and the Middle East by next year, cofounder and managing director Sudip Ghose…
New Delhi: GenZ-women-focused fashion tech-startup Newme has raised $18 million in Series A funding round led by a global venture capital firm Accel Partners, it said in a media release on Thursday. Its existing investors including Fireside Ventures and AUM Ventures also participated in the round. With this fund raise, the company aims to strengthen…
TMRW house of brands, an Aditya Birla group venture has invested Rs 125 crore in Accel and Virat Kohli-backed WROGN. Founded in 2014, by the brother-sister duo of Anjana and Vikram Reddy, WROGN is a youth brands in the casual wear space. With this investment, TMRW added another leading millennial focused fashion and lifestyle brand,…
Jewellery retailer Bluestone is negotiating an investment of about Rs 830 crore ($100 million) from Peak XV Partners, Steadview Capital and Think Investments, people aware of the matter said. This pre-IPO (initial public offering) round will be a mix of share sale by early backers and fresh capital infusion that is expected to value the…
