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 Jewellery retailer Bluestone has recorded a 64% increase in operating revenue for the year ended March 2024, according to data sourced from Tofler. Its losses for the full year narrowed by about 15% to Rs 142.2 crore. The Bengaluru-based company’s revenue from operations grew to Rs 1,265.8 crore in FY24 from Rs 770.7…
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…
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…
Omnichannel jewellery retailer Bluestone is in talks to raise around $100 million in a pre-IPO round at a likely valuation of more than $1 billion, catapulting the startup to the unicorn club, three people aware of the matter said. This would be more than double its previous valuation of around $450 million in September 2023,…
Representative image Direct to consumer fashion jewellery brand Salty has raised Rs 5.4 crore in funding in a seed round led by All in Capital and Anicut Capital. Other strategic investors participating in the round are Suashish Diamonds, JK Group, among other angel investors. Founded in 2022 by Sonaal Goel, Twishaa Gupta, and Kanishka Garg,…
Representative image New Delhi: Jewellery retailers reported modest YoY growth in sales during Dhanteras, which is the most promising and in-demand period of the year. The slowdown comes due to inflation, fluctuating gold prices, and unseasonal rains on the day of Dhanteras. Pre-Dhanteras, jewellers shared a cautiously optimistic sentiment for the festive sales. Last year,…
Representative Image New Delhi: Jewellery retailer BlueStone will use the majority of its recently raised funds to expand its footprint across the country, the company’s founder and CEO, Gaurav Singh Kushwaha told ETRetail. The company currently has around 178 stores across the country, as compared to 155 stores at the end of last year. As…
