Debt financing
Retail jewellery chain Bluestone raises Rs.100-Cr from Neo Markets
Bengaluru-based omnichannel jewellery firm BlueStone has raised INR 100 crore (around USD 12 million) in debt from Neo Markets. The company would issue 10,000 debentures at INR 1,00,000 each to raise INR 100 crore.Founded in 2011 by Gaurav Singh Kushwaha, Bluestone provides an extensive jewellery collection, available through its website as well as a network of 190 stores across 75 cities.
Between February, 2018 and March, 2024, BlueStone had raised USD 195 M from Kalaari Capital, Accel India, IIFL AMC, IvyCap Ventures, RB Investments, Iron Pillar, Obor Capital, Saama Capital, InnoVen Capital, AT Capital, Hero Enterprises, Info Edge and MEMG Family Office.
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