Testimony to the potential of selling jewellery online is the latest news about funding received by Bluestone. The leading online jewellery platform has secured the next round of VC funding, its third so far, to the tune of Rs 100 crore.
The funds will be utilised for marketing the brand and expanding the team.
Gaurav Singh Kushwaha, Co-Founder and CEO of BlueStone said,
“Consumers are far more comfortable buying jewellery online today, than a year back. The eco-system in India has enabled trust in the eCommerce sector. I am confident about achieving over 200% growth every year for the next 2-3 years.”
Bluestone’s current revenue is pegged at Rs 80-100 crore per year. Showing an annual increase of 150%, looks like this figure is set to be revised soon with the latest influx of funds.
With participation from Kalaari Capital and Saama Capital, Accel Partners, IVY Capital and Dragoneer led the funding round.