Company Name : BlueStone
Funding Amount : 100 crores
Investor(s) Accel Partners, IVY Capital and Dragoneer
Funding Round : Series B
The funding is led by Accel Partners, IVY Capital and Dragoneer, with participation from Kalaari Capital and Saama Capital.
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.