BlueStone seeks to raise additional funds of $30 million

Online jewellery portal BlueStone is chalking out a new business plan and hopes to break even in the next two years at the company level, as per reports. It is seeking to raise an additional $30 million funds in the following six to eight month from its current investors including Accel Partners and Kalaari Capital and new investors as well, as per reports. Industrialist Ratan Tata invested in BluStone during the company’s Series B funding round.

The company’s gross merchandise value (GMV) stands at ₹300 crore. Majority of the company’s stakes rest with its high profile investors.

BlueStone designs and manufactures its jewellery.