National News
BlueStone Nears Unicorn Status with $1.2 Billion Valuation Ahead of IPO
Omnichannel jewellery brand BlueStone is set to enter India’s unicorn club, reaching a valuation of $1.2 billion (Rs 10,500 crore) through secondary transactions led by 360 One and Centrum Wealth. This marks a 30% rise from its August 2024 valuation of Rs 8,100 crore, ahead of its much-anticipated IPO.
Singapore-based RB Investments, an early backer with a 2–3% stake, is exiting with an impressive 10–12x return. The secondary share sales, worth Rs 300–350 crore, are part of a strategic pre-IPO reshuffle by wealth firms transferring shares to their clients.
BlueStone, which combines online convenience with offline presence, filed its IPO draft with SEBI in December 2024 and secured approval in April 2025. The offering includes a fresh issue of Rs 1,000 crore and an OFS of nearly 24 million shares, with investors like Accel, Saama Capital, IvyCap, and Kalaari Capital set to partially or fully exit.
The company’s rise highlights growing investor interest in tech-enabled, consumer-focused retail in India’s evolving jewellery market.
Over 1,000 employees and families participate as Rs.3.5 lakh in prizes, gold coins and wellness recognition highlight the company’s commitment to employee well-being and team spirit.
Hari Krishna Exports Mumbai celebrated its Annual Sports Day 2026 on 22nd February with great enthusiasm, bringing together more than 1,000 employees and their families for a day of sports, unity, and celebration.
The event was graced by Chief Guest Ritu Rajesh Tawde, Mayor of Mumbai, along with respected dignitaries from the gem and jewellery industry. The programme began with the National Anthem, followed by a range of sports activities including cricket, volleyball, kabaddi, kho-kho, tug-of-war, running races, carrom, and box cricket. Employees from various departments participated with strong team spirit and sportsmanship.
A total prize pool of ₹3.5 lakh was awarded to recognise outstanding performances. Employees with perfect attendance were honoured with gold coins, and those demonstrating consistent discipline were appreciated with special rewards.
Addressing the gathering, Chairman Ghanshyambhai Dholakia said: “We are dedicated to the well-being of our employees, knowing that strong people build strong organisations. When others adopt similar efforts, it uplifts work culture across the entire industry.”
With over 60 wellness initiatives, Hari Krishna Exports continues to prioritise employee well-being and engagement. The Annual Sports Day reflects the organisation’s commitment to fostering teamwork, health, and a positive work culture.
source: Hari Krishna Exports
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