PE Fund Investments
Jewellery chain Bluestone raises Rs.900-Cr from Prosus, Peak XV, Steadview, others
Bengaluru-headquartered jewellery retailer Bluestone has closed an INR 900 crore financing round that more than doubles the IPO-bound firm's valuation to USD 970 million (INR 8,100 crore). Peak XV Partners, Prosus, Steadview Capital, Think Investments and Infosys co-founder Kris Gopalakrishnan's family office Pratithi Investments participated in the funding round.Of the total funding, INR 600 crore is primary capital infusion while the rest is in secondary share sale. Prosus has put in about INR 350 crore while Peak XV and Steadview have invested over INR 200 crore each.Kalaari Capital - one of the early investors in the firm - has earned about INR 300 crore by selling a part of its stake.The Accel-backed firm is set to file a draft red herring prospectus (DRHP) for its initial public offering (IPO) this calendar year, after having closed the pre-IPO round to set the valuation benchmark.
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