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
Ministry Of Good Souls Unveils Its New Bridal Collection In Bespoke 925 Sterling Silver
The Handcrafted 925 Sterling Silver Collection Blends Heritage-Inspired Artistry With Bontemporary Bridal Elegance
Ministry of Good Souls (MOGS), the contemporary silver jewellery brand known for its handcrafted artistry, has launched its latest Bridal Collection, celebrating the timeless elegance of Indian weddings through exquisite 925 sterling silver creations.
Inspired by heritage craftsmanship and reimagined for the modern bride, the collection features statement chokers, regal collar sets, chandbali earrings, and intricately detailed necklaces adorned with polki-style stones, pearls, and vibrant gemstones.
The collection caters to brides seeking heirloom-inspired silver jewellery for weddings, receptions, and festive celebrations. Each piece is meticulously handcrafted to offer brides jewellery that is both distinctive and enduring.
“The new bridal collection reflects our commitment to creating jewellery that celebrates individuality while honouring India’s rich design heritage. Every piece is crafted to make a bride feel confident, elegant, and unforgettable on her special day,” said a spokesperson for Ministry of Good Souls.
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