Thursday, April 18

Bluestone Raises Rs 10 Crore Funding

Bluestone, the online jewelry commerce, received a funding of Rs8.2 crore from OBOR Capital and Rs3 crore from Kalaari Capital, according to the latest MCA filings. The company appears to have raise an additional funds of $6 million from existing investors as well.

The filings also report that the company earned about Rs1 crore from Gaurav Deepak of Avendus Capital and Rs1.6 crore from IIFL.

BlueStone was established in 2011 and quickly ascended to become India’s lending destination for high quality fine jewelry. The company aims at wishes to revolutionize the jewelry market of India with primordial focus on craftsmanship, quality and customer service.

The company boasts a portfolio of 5000 unique designs which were crafted with care to provide flexibility, purity and clarity. Since its inception, the company received funding from Ratan Tata, Accel Partners, Saama Capital, IvyCap Ventures, Dragoneer Investment Group and Iron Pillar.