Ratan Tata-backed BlueStone valuation tops $410 mn in latest round

Funding in the omnichannel jewellery retailer was led by Sunil Kant Munjal, Chairman, Hero Enterprise

Ratan Tata-backed BlueStone, a leading omnichannel jewellery retailer, has raised over $30 million in funding at a valuation of $410 million. The funding round was led by  Sunil Kant Munjal, Chairman, Hero Enterprise, who is an acknowledged go-to investor for many startups across stages. BlueStone is India’s largest omnichannel precious jewellery brand with a design-led approach and with fresh collections being updated every month.

With this round of funding, Bluestone is planning to step up its manufacturing capabilities. In the fiscal year ending March 2022, the company will record revenue of Rs 500 crore (a growth of 85 per cent