National News
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.
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.
National News
Adv. S. Abdul Nazar, State General Secretary Of KGSMA, Met With Chief Minister Sri V.D. Satheesan
Kerala Gold Trade Seeks Government Support For Jewellery Park and Sector Development
Adv. S. Abdul Nazar, State General Secretary of the Kerala Gold and Silver Merchants Association (KGSMA), met with Kerala Chief Minister Shri V.D. Satheesan. He brought various issues and matters concerning Kerala’s gold trade sector—including the ‘Jewellery Park’ project proposed in the state budget—to the Chief Minister’s attention. The Chief Minister assured him that a meeting of relevant stakeholders would be convened to discuss the challenges and future development plans of the gold trade sector in detail.
Adv. S. Abdul Nazar expressed his happiness and gratitude to the Chief Minister for the successful and grand organization of the KGSMA state convention, and KJIF show which had been inaugurated by the Chief Minister.
The KGSMA is hopeful of receiving government support for projects such as the Jewellery Park, aiming to revitalize Kerala’s gold trade and manufacturing sectors and create more employment opportunities.
Adv. S. Abdul Nazar, State General Secretary Of KGSMA, Met With Chief Minister Sri V.D. Satheesan
MCX Gold Futures Traded Flat,Silver Prices Decline
Union Home Minister Shri Amit Shah Graces 52nd India Gems & Jewellery Awards; GJEPC Charts US$100 Billion Export Vision For Indian Gem & Jewellery Industry
Adv. S. Abdul Nazar, State General Secretary Of KGSMA, Met With Chief Minister Sri V.D. Satheesan
Union Home Minister Shri Amit Shah Graces 52nd India Gems & Jewellery Awards; GJEPC Charts US$100 Billion Export Vision For Indian Gem & Jewellery Industry
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National News3 hours agoAdv. S. Abdul Nazar, State General Secretary Of KGSMA, Met With Chief Minister Sri V.D. Satheesan
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National News5 hours agoUnion Home Minister Shri Amit Shah Graces 52nd India Gems & Jewellery Awards; GJEPC Charts US$100 Billion Export Vision For Indian Gem & Jewellery Industry
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National News4 days agoLimelight Lab Grown Diamonds Inaugurates Showroom In Kalyan, Its 8th Exclusive Store MMR
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National News5 hours agoMCX Gold Futures Traded Flat,Silver Prices Decline
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