• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, June 15, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Ratan Tata backed BlueStone announces 3rd round of funding worth Rs 100 cr !

by Dipti Gore
July 9, 2015
in News, Trending
Reading Time: 2 mins read
0
Ratan Tata backed BlueStone announces 3rd round of funding worth Rs 100 cr !
TwitterWhatsappLinkedin

Bluestone

You might also like

Gavin Newsom Accuses Trump Administration of Spreading Fake Protest Images

India Considers Grounding Boeing 787-8 Fleet After Ahmedabad Tragedy

Boeing Lays Off 180 Engineers in Bengaluru Amid Global Restructuring Drive

9th July 2015, BANGALORE: Ratan Tata backed BlueStone.com, an online jewellery destination, today announced a third round of VC funding, worth Rs 100 crore. The funding is led by Accel Partners, IVY Capital and Dragoneer, with participation from Kalaari Capital and Saama Capital. Avendus Capital was brought in as advisor for this transaction.

BlueStone will continue to invest a significant portion of the funds in marketing efforts to build a strong and distinctive brand. With the current revenue run rate of 80-100 Cr per annum, BlueStone has grown by 150% year on year. “Consumers are far more comfortable buying jewellery online today, than a year back. The eco-system in India has enabled trust in the e-commerce sector. I am confident about achieving over 200% growth every year for the next 2-3 years”, Gaurav Singh Kushwaha, co-founder and CEO of BlueStone, said.

“BlueStone is the first online brand at scale – trusted by lakhs of online Indian consumers.” Prashanth Prakash, partner at Accel, said.

BlueStone is expanding its team to cater to the growing demand. Currently with 250employees, BlueStone is expected to add close to 150more people across levels in the next 6 months. “Expanding our team will enable us to launch more designs more frequently. Significant efforts are already under way to improve the user experience on mobile and desktop platform”, Gaurav said.

“We decided to invest in BlueStone team because we believe in the team due to their strong pedigree of IIT and IIMs” Vikram Gupta, Managing Partner at IvyCap Ventures, said.

 

The Bangalore-based BlueStone is unique due to its vertically integrated model from manufacturing to e-tailing. Owning its supply chain end to end enables BlueStone to deliver consistently high quality experience to its customers. Additionally, through its unique operating model, BlueStone is amongst the few e-commerce start-ups in India which are operationally profitable.

Tags: e-commercefunding
Tweet54SendShare15
Previous Post

News In Shorts Raises $20 Million from Tiger Global in Series B

Next Post

Awesong.in- redefining music by providing unplugged and unheard versions of bollywood songs!

Dipti Gore

Recommended For You

Gavin Newsom Accuses Trump Administration of Spreading Fake Protest Images

by Anochie Esther
June 15, 2025
0
Trump

California Governor Gavin Newsom has accused the Trump administration and the U.S. Department of Defense (DoD) of spreading disinformation in an alleged attempt to justify the military deployment...

Read more

India Considers Grounding Boeing 787-8 Fleet After Ahmedabad Tragedy

by Anochie Esther
June 15, 2025
0
Boeing 787-8

India’s civil aviation sector is in mourning following one of its deadliest air disasters in recent history. An Air India Boeing 787-8 Dreamliner en route to London’s Gatwick...

Read more

Boeing Lays Off 180 Engineers in Bengaluru Amid Global Restructuring Drive

by Anochie Esther
June 15, 2025
0
Boeing

In a significant development that reflects the ongoing turmoil within the global aerospace industry, Boeing has laid off up to 180 engineers from its India operations as part...

Read more
Next Post
Awesong.in- redefining music by providing unplugged and unheard versions of bollywood songs!

Awesong.in- redefining music by providing unplugged and unheard versions of bollywood songs!

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?