Jewellery retailer Bluestone has completed a Rs 900-crore financing round, increasing its valuation to $970 million. The Accel-backed firm plans to file for an IPO this year after closing a pre-IPO round. Investors including Peak XV Partners, Prosus, and Steadview Capital participated in the primary-plus-secondary share sale. Kalaari Capital made a partial exit, earning about ₹300 crore. Founders Gaurav Singh Kushwaha and Ganesh Krishnan own nearly 14% of the company.
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