According to media reports, Jewellery retailer Bluestone is in talks to secure an investment of about Rs 830 crore (USD 100 million) from Peak XV Partners, Steadview Capital and Think Investments. This investment will likely come before Bluestone goes public and is expected to value the company at around Rs 7,500 crore (USD 900 million).
Peak XV is expected to lead the funding, investing about Rs 415 crore (USD 50 million). The investment round will involve both existing shareholders selling some of their shares and new capital being put into the company. The company is expected to close the round in the next few days.
Bluestone has seen significant growth and is aiming for an IPO this year. This potential funding round has attracted interest due to the success of similar companies in the market. It is reported that Bluestone's revenue for the last fiscal year was around Rs 1,200 crore, and the company is aiming for Rs 2,200 crore in the next fiscal year. The company’s performance has improved, and it has become an attractive investment opportunity.
