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NU.23.08.2024 𝗕𝗹𝘂𝗲𝘀𝘁𝗼𝗻𝗲 𝗕𝗮𝗴𝘀 ₹𝟵𝟬𝟬𝗰𝗿 𝗶𝗻 𝗣𝗿𝗲-𝗜𝗣𝗢 𝗥𝗼𝘂𝗻𝗱, 𝘁𝗼 𝗙𝗶𝗹𝗲 𝗗𝗿𝗮𝗳𝘁 𝗣𝗮𝗽𝗲𝗿𝘀 𝘁𝗵𝗶𝘀 𝗬𝗲𝗮𝗿 Bengaluru-based jewelry retailer Bluestone has successfully raised ₹900 crore (approximately $110 million) in a pre-IPO financing round, valuing the company at $970 million. This significant investment has doubled the company's valuation. 𝗞𝗲𝘆 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗮𝗻𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀: Peak XV Partners, Prosus, Steadview Capital, Think Investments, and Pratithi Investments participated in the primary-plus-secondary share sale. Kalaari Capital, an early investor, made a partial exit by selling half of its stake for ₹300 crore (approximately $36 million). Prosus invested ₹350 crore (approximately $42 million). Peak and Steadview have invested over ₹200 crore (approximately $24 million) each. 𝗢𝘁𝗵𝗲𝗿 𝗡𝗼𝘁𝗮𝗯𝗹𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀: Iron Pillar, Saama Capital, RB Investments, IvyCap, and InfoEdge Ventures. Founders' Stake: Founders Gaurav Singh Kushwaha and Ganesh Krishnan hold a combined stake of nearly 14% in the company. 𝗜𝗣𝗢 𝗣𝗹𝗮𝗻𝘀: The Accel-backed firm is set to file for an IPO in the coming year. 𝗡𝗶𝗳𝘁𝘆: 24,811 Rishabh Kale

BlueStone, the jewellery retailer, has secured Rs 900 crore in a pre-IPO funding round, elevating its valuation to $970 million (nearly Rs 8,100 crore). This financing round paves the way for the company's forthcoming IPO, with the intention to submit the draft red herring prospectus to the stock market regulator later this year.   The funding round included investments from Peak XV Partners, Prosus, Steadview Capital, Think Investments, and Pratithi Investments, the family office associated with Infosys co-founder Kris Gopalakrishnan. Prosus invested roughly Rs 350 crore in the round, with Peak XV Partners and Steadview Capital each contributing more than Rs 200 crore. Kalaari Capital, an early investor, partially exited, making about Rs 300 crore from selling half of its stake in the Bengaluru-based company.   Bluestone’s latest pre-IPO round follows a September 2023 funding round where its valuation was about $450 million. The rise in valuation can be attributed to the Tata Group's acquisition of CaratLane last year, which has increased interest from both new and current investors.   In preparation for its IPO, Bluestone has outlined its goal to achieve profitability by March 2025 to investors, emphasizing a strategic focus on digital channels and expanding offline footprint.   Want to dive deep? For premium market intelligence and insights, explore VCCEdge.com   #Bluestone #JewelleryRetail #PreIPO #FundingRound #PeakXVPartners #Prosus #SteadviewCapital #ThinkInvestments #PratithiInvestments #Infosys #KalaariCapital #IPO #DraftProspectus #CaratLane #TataGroup #InvestmentNews #MarketValuation #DigitalFirst #RetailGrowth #JewelleryIndustry #StartupFunding #IPOPreparation #BusinessNews #ConsumerDurables #Retail #Ecommerce CaratLane - A Tanishq Partnership Prosus Group Gaurav Singh Kushwaha

Peak XV Partners, Steadview Capital to fund BlueStone pre-IPO funding round, jewellery retailer poised to become unicorn Venture capital firms and crossover funds, which invest across private and public companies, are lining up to pick up a stake in IPO-bound omnichannel jewellery retailer Bluestone. 👉 Peak XV Partners, Steadview Capital and Think Investments are in talks to invest in Bluestone’s Rs 830 crore ($100 million) financing round before it files for an IPO 👉 Peak XV is expected to cut a Rs 415 crore ($50 million) cheque for the Accel-backed firm. 👉  The funding at a Rs 7,500 crore ($900 million) valuation will see a mix of primary and secondary transactions By Digbijay Mishra and Samidha Sharma Read here: https://lnkd.in/gSiG5xv7

At the end of the first day of the bidding process, BlackBuck’s IPO was subscribed 24%👇 ♦️ Driven by robust demand from retail investors, the initial public offering (IPO) of logistics major BlackBuck (Zinka Logistics Solutions Pvt. Ltd.) has been subscribed 28% on the second day of the bidding process. ♦️ Investors had bid for 62.40 Lakh shares out of 2.24 Cr shares reserved for them till 11:03 AM today (November 14), as per BSE data. ♦️ The quota reserved for retail participants attracted bids for 28.90 Lakh shares as against 40.80 Lakh shares on offer, translating to a 71% subscription. ♦️ Qualified institutional buyers bid for 30.94 Lakh shares out of 1.22 Cr shares reserved for them, subscribing to the issue by 25%. ♦️ The BlackBuck IPO garnered least interest from non-institutional buyers, who booked the issue 0.02 times, placing bids for 1.45 Lakh shares as against 61.21 Lakh shares on offer. The employee portion has been oversubscribed 4.25X. 🔗 Read the full article here: https://lnkd.in/gGMCSWAg #startups #news #ipo

✦ The BLACKBUCK IPO experienced a SLOW START, receiving only 5% overall subscription on its opening day, with bids for 11.57 Lakh shares out of the 2.24 Crore offered. ✦ RETAIL INVESTORS showed slightly more interest with a 26% subscription rate, while NON-INSTITUTIONAL INVESTORS contributed to only 1% of subscriptions. ✦ BLACKBUCK, an Indian logistics unicorn founded in 2015, seeks to RAISE INR 1,114.72 Crore through this IPO, which aims to value the company at approximately INR 4,817 Crore. The IPO will CLOSE on November 18. #BlackBuckIPO #Logistics #MarketWatch

A two-wheeler showroom raised Rs 4800 Crore through IPO! Here is the crazy story-- If you’ve seen The Wolf of Wall Street, you’ll probably remember that iconic scene where Leonardo DiCaprio’s character, Jordan Belfort, spins a slick pitch over the phone, selling a questionable penny stock. But if you haven’t watched the movie, here’s what the scene looks like. The investor, sceptical at first, gets completely swept away by Belfort’s smooth talk and ends up investing more than they initially planned. It’s a masterclass in persuasion, and a cautionary tale for anyone thinking of jumping into the stock market. Now, if you think that this kind of pitch belongs only in the ’90s; believe it or not, something similar is playing out in the Indian markets today. But instead of Belfort’s phone calls, we’ve got small Indian companies asking for massive sums from the public. And investors aren’t shying away from showing up in droves. You could look at Resourceful Automobiles Ltd., for example. It’s a bike dealership with just 2 showrooms and 8 employees. In FY23, the company recorded close to ₹20 crores in sales and made a profit of about ₹40 lakhs. Yet, it wanted ₹12 crores from its IPO. Sure, that might seem reasonable when you look at the sales-to-valuation figure. But here’s the kicker. The company was clearly running on negative operating cash flows. And nearly 40% of the IPO funds were intended to repay loans, not fuel business growth. Despite this, investors flooded the bike dealership with offers totalling a staggering ₹4,769 crores. And although the stock remained flat at ₹122 per share on its first day of trading, it never dipped below its issue price of ₹117. Or consider Broach Lifecare Hospital, a tiny 25-bed facility. It set out to raise ₹4 crores but ended up with offers exceeding ₹640 crores from eager investors. These are just a couple of handpicked examples, but they’re far from isolated cases. So far in 2024, over 140 SMEs (small and medium enterprises) have launched IPOs, raising a jaw-dropping ₹4,800 crores. Sounds like a win-win for the company and the investors, right? Well, not quite. Get the full scoop in today's newsletter! And don't forget to follow Finshots for more!

Baazar Style Retail Ltd on Monday said it has mobilised Rs 37 crore from venture-capital fund Volrado Ventures Partners Fund II in a pre-IPO (initial public offering) round. Click on the link below to know more... Baazar Style Retail Ltd. | Volrado Venture Partners #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

Jewellery retailer Bluestone has raised Rs 900 crore in a pre-IPO funding round, boosting its valuation to $970 million (approx. Rs 8,100 crore), as reported by The Economic Times. This round, involving Peak XV Partners, Prosus, Steadview Capital, Think Investments, and Infosys cofounder Kris Gopalakrishnan’s Pratithi Investments, includes Rs 600 crore in primary capital and Rs 300 crore from secondary share sales. Prosus led with Rs 350 crore, while Peak XV Partners and Steadview Capital each invested over Rs 200 crore. Kalaari Capital also exited partially, earning Rs 300 crore by selling half its stake. Founded in 2011, Bluestone has become India's second-largest omnichannel jewellery retailer, operating over 180 stores in 70 cities. The company's valuation nearly doubled from $450 million in September 2023, partly due to Tata Group's acquisition of CaratLane, which heightened investor interest. Bluestone plans to file its IPO draft prospectus later this year, aiming for profitability by March 2025, leveraging a strong digital and offline presence. #blustone #aliabhatt

The most common Merger & Acquisition deals we usually hear about are : ~Adani Green Energy Limited did acquire SB Energy Holdings Limited (SB Energy India) for $3.5 billion ~Zomato did indeed acquire Blinkit in 2022. ~The Adani Group acquired a majority stake in Ambuja Cements and ACC ltd. ~Walmart Acquired Flipkart. Recently Godfrey Phillips India’s (GPI) 24SEVENIN retail chain is to be acquired by New Shop. This 20 Years old Retail legecy is to be renamed as “The New Shop”. New Shop Operates with 160+ stores in more than 30 cities across India. Now the number of stores will get almost doubled of their current count. What’s interesting & unique in this Acquisition? -A 2019 incorporated startup by Aastha Almast & Charak Almast acquired a 20 years old legacy. This is really insane in a country like India. I got opportunity to visit New Shop office & interviewed by Aastha Almast during my campus placements. That was more of a discussion, she explained me about startup environment & gave lot if insights about New Shop. A big congratulations to New Shop & Aastha Almast for her excellent entrepreneurial mindset. #mergers #acquisitions #startup #24sevenIn