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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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Talla Jewellers Unveils New Showroom In Akhnoor, Jammu, Fifth Store In The Region

Auspicious Navratri opening strengthens the brand’s presence and brings an exquisite jewellery collection closer to customers in Akhnoor.

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Talla Jewellers has inaugurated its new showroom in Akhnoor, Jammu, marking its fifth outlet in the region. The showroom was inaugurated on the first day of Navratri, adding an auspicious touch to this milestone in the brand’s growth journey.

The inauguration ceremony was graced by Mohan Lal Bhagat, Honourable MLA, Akhnoor, who attended as the Chief Guest. Representing Talla Jewellers were Ajay Talla, Anju Talla and Aman Talla.

The new showroom offers an exquisite selection of gold, diamond and other jewellery designs, catering to diverse customer preferences and occasions. With a focus on quality, craftsmanship and customer satisfaction, the store aims to provide customers in Akhnoor with a wider choice of jewellery for weddings, festivals, celebrations and everyday wear.

The opening reflects Talla Jewellers’ continued commitment to expanding its presence while strengthening its relationship with customers and families across the region. Built on the values of trust, quality and lasting relationships, the brand continues to celebrate life’s precious moments through jewellery that connects generations.

With the launch of its Akhnoor showroom, Talla Jewellers takes another step towards making its collections more accessible to customers while reinforcing its presence in Jammu and Kashmir.

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