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.
GlamBuzz
Srinidhi Shetty Unveils Malabar Gold & Diamonds’ New Showroom In RT Nagar, Bengaluru
The Dialogue Underscored The Importance Of Engagement Between Policymakers and Industry Stakeholders In Fostering Mutually Beneficial Trade Relations.
Malabar Gold & Diamonds inaugurated its new showroom in RT Nagar, Bengaluru, by actress Srinidhi Shetty. By further strengthening its presence in one of India’s most significant jewellery markets, the launch marks the brand’s 25th showroom in Bengaluru and its 49th showroom across the Karnataka and Goa region.
The new showroom has been designed to offer customers a spacious and premium jewellery retail experience, combining contemporary interiors, organised product displays, and personalised customer service. Developed in line with Malabar Gold & Diamonds’ global retail standards, the showroom brings together an extensive range of jewellery collections across categories and price segments.
The showroom was inaugurated in the presence of Filsor Babu, Regional Head – Karnataka, members of the management team, customers, invited guests, and other dignitaries.
The RT Nagar showroom showcases an extensive range of gold, diamond, platinum, gemstone, and silver jewellery, including Malabar Gold & Diamonds’ signature collections. The assortment has been curated to cater to bridal purchases, festive occasions, gifting requirements, contemporary styling preferences, and everyday wear, offering customers a wide choice across traditional and modern designs.
Malabar Gold & Diamonds is offering customers special exclusive offers. These include up to 30% off on making charges of all gold, uncut, and gemstone jewellery and up to 30% off on diamond value. These offers are valid till 21st June 2026. Additionally, customers can exchange their jewellery with 0% deduction and experience a seamless, transparent process (T&C Apply).
Commenting on the launch, M. P. Ahammad, Chairman, Malabar Group, said:

“Bengaluru continues to be one of our most important markets, supported by a diverse customer base that appreciates craftsmanship, design, and transparency in equal measure. The opening of our RT Nagar showroom reflects our continued commitment to serving customers through wider collections, premium retail environments, and a service experience built on trust. As the city continues to grow and evolve, we remain focused on bringing greater accessibility and convenience to customers across key residential and commercial neighbourhoods.”
Customers visiting the showroom will benefit from Malabar Gold & Diamonds’ customer assurance framework, including transparent pricing, HUID-compliant gold, certified diamonds, One India One Gold Rate, lifetime maintenance support, buyback assurance, and detailed product disclosure that ensures confidence at every stage of purchase.
With this launch, Malabar Gold & Diamonds continues to strengthen its retail footprint across Karnataka while maintaining its focus on quality, craftsmanship, transparency, and customer experience.
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