Bangalore-based jewellery e-tailer BlueStone has raised $30 million (Rs 200 crore) in a fresh round of investment led by financial services firm IIFL Holdings Ltd and Accel Partners.
Kalaari Capital, RB Investments and IvyCap Ventures also invested in the Series D round, Bluestone Jewellery and Lifestyles Pvt. Ltd said in a statement.
Founded in 2011 by Gaurav Kushwaha and Vidya Nataraj, BlueStone also has Dragoneer, Saama Capital, Ratan Tata, and Meena Ganesh among its backers.
“BlueStone.com has a high quality team and has grown rapidly over the last year. With the strong foundation and this capital infusion, we believe BlueStone.com is well-positioned to build a large online jewellery brand in India.” said Vani Kola, Managing Director, Kalaari Capital.
BlueStone raised $5 million in 2012 in a Series A round from Accel Partners and Meena Ganesh, founder of Portea Medical, followed by another $10 million in a Series B round from Kalaari Capital, Accel Partners, Saama Capital and InnoVen Capital, a venture debt firm, in March 2014. It raised $15.8 million in a Series C round last July, from IvyCap Ventures, Accel Partners, Dragoneer Investment Group, Kalaari Capital and Saama Capital.Like this press release? Submit yours here.