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Announced

Completed

Sunil Kant Munjal led a $30m funding round in BlueStone Jewellery.

Financials

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Transaction Value£23m
Consideration TypeCash
Capital Owned-
Capital Bid For7%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

jewelry

Single Bidder

retail chain

Private

Domestic

Minority

Acquisition

Specialty Retailers

India

Friendly

Synopsis

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Sunil Kant Munjal, Hero Enterprise Chairman, led a $30m funding round in BlueStone Jewellery, an operator of an online and offline jewelry retail chain. BlueStone will use the funding to ramp up its manufacturing capabilities and to accelerate its pan-India rollout. BlueStone will also use the investment to strengthen its omnichannel presence and to provide a ‘seamless and user-friendly experience’ for its customers, said the jewellery brand.

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