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
GJEPC Activates Indian Embassies In 70+ Countries To Promote IGJS Jaipur 2027
The Council’s outreach has received an encouraging response, with over 20 Indian embassies and diplomatic missions publishing information about the show on their official websites.
GJEPC has mobilised India’s diplomatic network across more than 70 countries to promote the International Gem & Jewellery Show (IGJS) Jaipur 2027 and attract international buyers.
IGJS Jaipur 2027 will be held from 16-18 April 2027 at the Jaipur Exhibition & Convention Centre (JECC), Sitapura, Jaipur.
The Council’s outreach has received an encouraging response, with over 20 Indian embassies and diplomatic missions publishing information about the show on their official websites. These include missions in New Zealand, the UAE, China, Germany, Croatia, Indonesia, Qatar, Canada, Brazil, Poland, Italy and the UK, among others.
The Embassies of Egypt, Brazil, Italy and Poland have also personally acknowledged GJEPC’s efforts. The outreach includes several major overseas jewellery trade associations, including Jewelers of America, New York, USA.
The Council will continue engaging with diplomatic missions and trade associations through sustained promotional efforts until the show.
GJEPC Activates Indian Embassies In 70+ Countries To Promote IGJS Jaipur 2027
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GJEPC Activates Indian Embassies In 70+ Countries To Promote IGJS Jaipur 2027
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