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Bluestone in talks with Peak XV Partners, Steadview Capital Think Investments for Pre-IPO Round

Bluestone, a jewellery brand, is in talks to negotiate an investment of around Rs 830 crore from Peak XV Partners, Steadview Capital, and Think Investments.

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Bluestone, a jewellery brand, is in talks to negotiate an investment of around Rs 830 crore from Peak XV Partners, Steadview Capital, and Think Investments.

The pre-IPO round will combine share sales by early investors with new capital, aiming to value the omnichannel retailer at approximately Rs 7,500 crore ($900 million) before the infusion, as per the report.

Venture capital firm Peak XV Partners will reportedly invest around Rs 415 crore in the round. A source speaking to the Economic Times said, “Peak XV is in talks to lead the funding amid a wider inclination for venture funds to tap domestic brands and offline retailers.”

Further, some family offices via special-purpose vehicles might also reportedly participate in the round. The round is expected to be closed in the next few days.

In September 2023, Bluestone raised $65 million from a group of investors at a valuation of $410 million.

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Raj Diamonds Collaborates With Gaurav Gupta For A Diwali Campaign Celebrating Relationships, Family and Togetherness

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This Diwali, Raj Diamonds collaborates with couturier Gaurav Gupta on a special campaign celebrating the spirit of togetherness, the bonds of family and the relationships that make every celebration meaningful. Bringing together fine jewellery and contemporary couture, the campaign honours the role of jewellery in marking cherished moments, expressing individuality and connecting generations.

Featuring Bipasha Basu and Karan Singh Grover, Diipa Büller Khosla and Oleg Büller, Subiksha Shivakumar and Akshara Shivakumar, alongside Jaya Raheja, the campaign brings together personalities who each adorned Raj Diamonds jewellery in their own distinctive style. A blend of traditional and contemporary creations reflects the versatility of the brand’s design language, where heritage craftsmanship meets modern expression.

With a commitment to exceptional craftsmanship, innovative design and the sourcing of rare gemstones, Raj Diamonds creates jewellery that celebrates both individuality and tradition. Its distinctive repertoire spans intricate South Indian gold jewellery embellished with diamonds, rubies and emeralds, alongside contemporary, meticulously engineered creations. The collaboration with Gaurav Gupta brings these sensibilities together in a visual celebration of artistry, personal style and cultural heritage.

Speaking on this special occasion, Eshwar Surana, Director, Raj Diamonds, said:

“Diwali is a celebration of family, togetherness and the relationships we cherish. At Raj Diamonds, we believe jewellery becomes part of these stories, carrying personal meaning across generations while allowing every individual to express their own style. Our collaboration with Gaurav Gupta brings this sentiment to life through a shared appreciation for craftsmanship, creativity and the beauty of self-expression.”

At its heart, the campaign reflects the essence of Diwali: a time to honour relationships, create lasting memories and celebrate the people who bring meaning to every occasion.

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