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Omnichannel jewellery brand BlueStone has raised INR 100 Cr ($12 Mn) in debt from Neo Markets

As per filing with the Registrar of Companies (ROC), the company's board approved issuing 10,000 debentures at INR 1,00,000 each.

This debt funding comes as Bluestone prepares for a larger pre-IPO round. Bluestone is in negotiations to secure an investment of approximately INR 830 Cr ($100 Mn) from Peak XV Partners, Steadview Capital and Think Investments.

 

The company plans a combination of share sales by early investors and fresh capital infusion, which is anticipated to value the omnichannel retailer at around INR 7,500 Cr ($900 Mn) pre-money. Peak XV is set to invest around INR 415 Cr ($50 Mn) in Bluestone.

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