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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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GJEPC Unveils India Pavilion At Doha Jewellery & Watches Exhibition

The Pavilion Provides A Platform For Indian Jewellery Exporters To Connect With Buyers, Retailers and Luxury Houses From Qatar and The Wider GCC

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GJEPC has organized an India Pavilion at the Doha Jewellery & Watches Exhibition (DJWE) 2026, being held from 28 September to 3 October at the Doha Exhibition and Convention Center (DECC), Doha.

Five Indian exhibitors are participating across seven booths, showcasing jewellery that combines traditional craftsmanship with contemporary design and manufacturing capabilities. Ashwani Kumar, First Secretary, Embassy of India, Qatar, visited the India Pavilion and interacted with participating exhibitors.

The pavilion provides a platform for Indian jewellery exporters to connect with buyers, retailers and luxury houses from Qatar and the wider GCC. The participation highlights India’s established role in the global jewellery industry, bringing together its heritage of craftsmanship with precision manufacturing, design and contemporary luxury.

DJWE 2026 also offers participating Indian companies an opportunity to strengthen commercial relationships in the Gulf, one of the key markets for India’s gems and jewellery exports.

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