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
Rajesh Kalyanaraman Unveils AKS JEWELS’ New Office and Factory Premises In Mumbai
AKS JEWELS, part of VEER GEMS Group of Companies, unveiled their new office and factory premises at grand inauguration ceremony in Mumbai. AKS JEWELS showcased a state-of-the-art factory and elegant corporate premises to leading players of the GJ industry. AKS JEWELS’ new office and factory premises are located at 1st & 2nd Floor, Khanna Park, Rd. No.8, MIDC, Andheri (E), Mumbai.











The formal inauguration was done by Rajesh Kalyanaraman, ED-Kalyan Jewellers in the esteemed presence of Ba. Ramesh, Jt MD-Thangamayil Jewellery, Russell Mehta, Chairman-Rosy Blue, Varghese Alukkas, MD-Jos Alukkas, along with Guests of Honour, Pramod Agrawal, Chairman NGJCI, Kirit Bhansali, Chairman GJEPC, Avinash Gupta, Vice Chairman GJC, Amit Pratihari, MD- GIA India, Richa Singh, MD-Natural Diamond Council, Suvankar Sen, MD-Senco Gold, Dr. Chetan Mehta,CMD-Laxmi Diamonds, Bengaluru, John Alukkas, MD-Jos Alukkas, ABS Sanjjay, MD-AVR Swarnamahal, Suvro Chandra, Director- P.C.Chandra, Vinod Hayagriv, MD-CKC, Vikas Kataria, DP Abhushan, Sumeet Khimji, Khimji Jewellers, T M Abdul Rahim, Sulthan Diamonds & Gold, Mahender Tayal, President HJMA, Surendra Mehta, National Secretary IBJA, Niraj Shah, IndusInd Bank-Head of Corporate Banking, G&J, Ramesh Vora, Bafleh Jewellery, Ashish Pethe, Waman Hari Pethe, Sumesh Wadhera, AOJ Media and dignitaries from the GJ industry. Representing AKS JEWELS were Dilip M Shah Chairman, Aadesh D Shah MD,VEER GEMS Group of Companies.
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