RJ Market Watch
BlueStone Jewellery Eyes up to $25 Million to Expand Offline Stores

Online jeweller BlueStone Jewellery and Lifestyle Pvt. Ltd is looking to raise up to $25 million in fresh funding to expand its offline presence, a top company executive said. The BlueStone website sells gold, diamond and pearl pendants, necklaces, earrings and nose rings, among others. It also has six stores in Mumbai, Chennai, Hyderabad, Chandigarh and New Delhi.
“We are looking to raise up to $25 million and will finalize a deal in the next couple of months,” Gaurav Singh Kushwaha, founder and CEO, BlueStone, said over the phone. “We are talking to Indian, as well as overseas investors, and will use the funds to grow our offline stores to 300 in the next three years.”
Courtesy: Livemint.com
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