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  1. Bluestone raises Rs 38.29 cr in fresh round of funding

Bluestone raises Rs 38.29 cr in fresh round of funding

Bluestone Jewellery and Lifestyle Private limited, which runs online jewellery company Bluestone, had raised about Rs 38.29 crore in a fresh round of funding.

Bengaluru | Updated: March 7, 2018 3:30 PM
Bluestone Jewellery, Lifestyle Private limited, Bluestone, RoC, Tata Group, ratan tata, Kalaari Capital In July 2016, it had raised million led by Iron Pillar, IIFL, Accel along with Kalaari Capital, RB Investments andIvyCap Ventures. (Reuters)

Pradeesh Chandran

Bluestone Jewellery and Lifestyle Private limited, which runs online jewellery company Bluestone, had raised about Rs 38.29 crore in a fresh round of funding. According to the documents filed with RoC, the Bengaluru-based company had issued 200 equity shares of Rs 1 each and 398,734 series D1 compulsory convertible preference shares at an issue price of Rs 959.91 per share to its investors. The filing also stated that the fresh round saw participation from new investor Obor Capital along with existing investors like Accel, Kalaari Capital, RB Investments, IvyCap Ventures, Iron Pillar Fund and others. The new round of capital infusion into Bluestone comes nearly 19 months after its last funding round.

In July 2016, it had raised $30 million led by Iron Pillar, IIFL, Accel along with Kalaari Capital, RB Investments andIvyCap Ventures. Till date, the company had raised about $60 million in funding. Other major investors in the company include Dragoneer Investment Group, and Saama Capital. Apart from the venture capitalists, former Tata Group chairman Ratan Tata and Portea CEO Meena Ganesh have also invested in the company in their personal capacity.

Bluestone was founded in 2011 by Vidya Nataraj and Gaurav Singh Kushwaha and offers jewellery under various categories, including earrings, rings, pendants, bangles, bracelets, necklaces and chains.

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