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
Wear The Joy Of Rain With Daily-Delight Jewellery Inspired By Monsoon From Kama Jewelry
‘With the arrival of the monsoon season, Kama Jewelry brings in jewellery pieces that capture the beauty and elegance of the rainy season. Lightweight and easy to wear, the pieces in this collection capture sophistication from the rain through sleek diamond jewellery and modern design. The jewellery is created from 9k to 18k gold and includes pendants, rings, and necklaces.
Known for their expertise in both craftsmanship and innovation, Kama Jewelry has been designing and creating jewellery for more than 30 years that seamlessly crosses generations, seasons, and styles.’
Simran Shah, Vice President – Sales, Kama jewelry, said:
“Based on 9 to 18k gold, these daily delight jewellery pieces can be paired with casual ethnic outfits, the standard workwear, or a weekend outfit that offers a little sparkle without sacrificing aesthetics. The elegant pendants, delicate ring, and necklaces add a subtle glitter to the overall charm of this season.”
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