Bluestone Snags INR 900 Cr From Peak XV, Prosus, Others In Pre-IPO Funding

As per the recent reports, Omnichannel jewellery brand Bluestone has been successful in targeting INR 900 Cr funds. The valuation of finding rounds up to $ 970 Mn. As per the pre-IPO round, Prosus, Think Investments, Peak XV Partners, and Steadview Capital participated with the help of secondary and primary share sales reported by ET.

If you calculate the total fund, the amount reaches INR 600 Cr in primary capital. The rest part of the amount falls under the secondary share sale. Prosus has invested INR 350 Cr. Steadview invested INR 200 Cr, and Peak also invested INR 200 Cr.

Bluestone has to make a draft red herring prospectus which will be considered as its initial public offering (IPO) with the help of the stock market in the ensuring year.