When was BlueStone founded?

BlueStone was founded in 2011 and raised its 1st funding round within a year of its incorporation.

Where is BlueStone located?

BlueStone is headquartered in Bengaluru, India. It is registered at SITE NO.89/2 LAVA KUSHA ARCADE MUNNEKOLAL VILLAGE, OUTER RING ROAD, MAR, ATHAHALLI, Bangalore, BANGALORE, Karnataka, India, 560037.

Who is the current CEO of BlueStone?

Gaurav Singh Kushwaha of BlueStone. They have also founded 2 companies and are angel investors in 5 startups, including Chakpak Media.

Which legal entities is BlueStone associated with?

BlueStone is associated with BLUESTONE JEWELLERY AND LIFESTYLE LIMITED.

How many employees does BlueStone have?

As of Mar 31, 2026, BlueStone has 2576 employees, reflecting a 24% year-over-year growth in headcount.

Is BlueStone a funded company?

BlueStone is a funded company, having raised a total of $228M across 18 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Oct 16, 2011.

When was the latest funding round of BlueStone?

BlueStone's latest funding was a $***** Conventional Debt round on May 14, 2025, with participation from 2 investors. Its primary sector is Fashion Tech. In India, the Fashion Tech sector has seen $352M in funding in 2026 to date.

What is the annual revenue of BlueStone?

Annual revenue of BlueStone is more than ₹1,000 Cr as on Mar 31, 2026

Where does BlueStone rank among its competitors?

BlueStone ranks 1st amongst 484 active competitors, of which 27 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Palmonas, which secured $40M in Jan, 2026.

Who are the top competitors of BlueStone?

BlueStone's top competitors include Palmonas, CaratLane and Mia By Tanishq. Among them, Palmonas secured the most recent funding round in January, 2026.

BlueStone - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Retailer of fine jewellery including gold, diamond, and gemstone designs. The company offers a wide range of contemporary creations across various collections, providing customers with access to rings, earrings, pendants, necklaces, bangles, bracelets, and mangalsutras. By integrating online and physical retail channels, the business ensures that consumers can explore and purchase certified jewellery pieces crafted with precision. The product range includes options in gold, platinum, diamonds, and gemstones, catering to diverse styles and preferences.

Website: www.bluestone.com/
Social
Phone Number: +91 **********
Registered Address: SITE NO.89/2 LAVA KUSHA ARCADE MUNNEKOLAL VILLAGE, OUTER RING ROAD, MAR, ATHAHALLI, Bangalore, BANGALORE, Karnataka, India, 560037

Key Metrics

Founded Year

2011

Location

Bengaluru, India

Stage

Public

Total Funding

$228M in 18 rounds

Latest Funding Round

Conventional Debt, May 14, 2025, $*****

Investors

Accel & 65 more

Ranked

1^st among 484 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

2,576 as on Mar 31, 2026

Investment & Acquisitions

Ethera & 2 more

Similar Companies

GIVA & 916 more

Exit Details

Public

View BlueStone's full profile

BlueStone is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
BLUESTONE JEWELLERY AND LIFESTYLE LIMITED CIN: L72900KA2011PLC059678 , India, Active	Jul 22, 2011	₹1,000+ Cr (As on Mar 31, 2026)	2843 (As on May 01, 2026)

BlueStone got listed on Aug 19, 2025.

Click here to take a look at BlueStone's IPO in detail

BlueStone has raised a total funding of $228M over 18 rounds. Its first funding round was on Oct 16, 2011. Its latest funding round was a Conventional Debt round on May 14, 2025 for $*****. 2 investors participated in its latest round. BlueStone has 45 institutional investors and 21 angel investors.

Here is the list of recent funding rounds of BlueStone:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 14, 2025	1261739	Conventional Debt	8296981	7563797	1365608	5429911
Aug 22, 2024	2108756	Series F	2257999	7022873	4899995	AT Capital & 1 more
Jun 24, 2024	8516423	Conventional Debt	5082714	9816013	1255444	Neo Markets Services

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View details of BlueStone's funding rounds and investors

The founders of BlueStone are Gaurav Singh Kushwaha, Sudeep Nagar and Vidya Nataraj. Gaurav Singh Kushwaha is the CEO of BlueStone.

Here are the details of BlueStone's key team members:

Gaurav Singh Kushwaha: Co-Founder & CEO of BlueStone and founder of 1 other company. They are also an angel investor in 5 startups and serve on the boards of 3 companies.
Contact Info: 2 phone numbers
Sudeep Nagar: Co-Founder & COO of BlueStone. They are also an angel investor in 1 startup.
Contact Info: 1 email address and 1 phone number
Vidya Nataraj: Co-Founder of BlueStone.

BlueStone's Board of Directors

BlueStone's board has 6 active members. Gaurav Singh Kushwaha is part of team and Prashanth Prakash, Amit Jain, Rohit Bhasin, Neha . and Rajesh Kumar Dahiya are independent board members.

Here is the list of BlueStone's board of directors:

Name	Type	Representing	Status	Duration
zhzelzm	Team	-	Past	2y 8m
Prashanth Prakash	Independent board member	-	Current	15y 0m
jjebang	Independent board member	-	Current	4y 2m
dlkrf{i	Independent board member	-	Current	4y 5m
gzuoiqw	Independent board member	-	Current	4y 7m
u{comlr	Independent board member	-	Past	5y 6m

View details of BlueStone's Founder profiles and Board Members

BlueStone's employee count trend

BlueStone has 2,576 employees as of Mar 26. The total employee count is 33.0% more than what it was in Mar 25. Here is BlueStone's employee count trend over the years:

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Top competitors of BlueStone include Palmonas, CaratLane and Mia By Tanishq. Here is the list of Top 10 competitors of BlueStone, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	BlueStone 2011, Bengaluru (India), Public	Retailer of fine jewellery including gold, diamond, and gemstone designs	$228M	Dragoneer Investment Group, Steadview & 64 others	82/100
2nd	Palmonas 2022, Pune (India), Series B	Online retailer of demifine jewellery crafted with gold and silver	$47.3M	Vertex Ventures, Xponentia Capital & 24 others	78/100
3rd	CaratLane 2008, Chennai (India), Acquired	Internet-first brand offering precious jewelry products for men and women	$57.9M	Tiger Global Management, Lister Technologies ... & 11 others	75/100
4th	Mia By Tanishq 2011, Bengaluru (India), Unfunded	Internet first brand of fine jewellery	-	-	67/100
5th	Candere 2012, Mumbai (India), Acquired	Online retailer of gold and diamond jewellery for various occasions	$638K	Singularity Strategic Holdings & 3 others	66/100
6th	Melorra 2015, Bengaluru (India), Series E	Internet-first brand offering precious jewelry	$88.3M	Lightbox, ValueQuest & 82 others	56/100
7th	Trisu 2023, Gurugram (India), Seed	Manufacturer of gold vermeil jewellery featuring sterling silver cores and multi-layer gold plating	$608K	All In Capital, ASAV & 28 others	53/100
8th	AVNI 2020, Bengaluru (India), Seed	Online retailer of high-quality silver jewelry	$87.7K	We Founder Circle & 2 others	53/100
9th	Lucira Jewelry 2025, Mumbai (India), Seed	Retailer of lab grown diamond jewelry including rings and necklaces	$5.5M	Blume Venture, Spring & 3 others	52/100
10th	Kicky & Perky 2022, Jaipur (India), Unfunded	Retailer of sterling silver jewellery and accessories	-	-	50/100

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Looking for more details on BlueStone's competitors? Click here to see the top ones

BLUESTONE JEWELLERY AND LIFESTYLE LIMITED, the legal entity associated with BlueStone, generated more than ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of BLUESTONE JEWELLERY AND LIFESTYLE LIMITED has a compounded annual growth rate (CAGR) of 36% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	5572	2279	3727	3061	7207
Total Sales	5361	5340	1994	8966	5447
Total Expenses	5778	5723	8489	5044	5722
Operating Expenses	9660	1721	2137	4269	9195
Employee Expenses	1774	7191	1381	3556	3476
Marketing Expenses	9531	6599	5371	1707	6511
Operating Income (EBIT)	8641	1053	6520	9753	1511
Interest Expenses	8252	9615	5637	6795	6012
Expenses from other activities	6522	6425	9646	5422	3862
Information Technology Expenses	3762	6068	2980	2101	4373
EBITDA	5143	1909	7496	1919	7499
Taxes	2910	6523	3976	5488	3683
Net Profit	6809	1839	8045	4646	1906
Balance Sheet
Assets	1359	2300	6104	3953	5706
Cash Equivalent	9016	8518	4387	1228	3221
Accounts Receivables	6065	5109	8526	7774	9748
Inventory	7414	3130	3534	2753	3296
Liabilities	7429	6347	1554	6777	3738
Total Debt	8134	9265	4304	8375	2537
Accounts Payable	8041	6740	5050	8457	5352
Equities	2590	3288	4596	5618	5155
Cashflow Statement
Cash from Operating activities	6749	1737	8084	4245	5550
Cash from Investing activities	2332	3098	7539	7268	2302
Net cash from Financing activities	9716	6037	5666	6562	1558

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders own 17.77%, Funds (largest shareholder) own 64.33%, Enterprises own 3.41% and Angels own 6.15%. The net worth of BlueStone's founders is INR 1,430Cr as of Sep 10, 2024. The cap table displayed below is for BLUESTONE JEWELLERY AND LIFESTYLE LIMITED which is the legal entity associated with BlueStone.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	17.77%	1,430Cr	2368649	5035194	2941546	8610726
Gaurav Singh Kushwaha	2990867	5980343	7960759	6712863	1274003	9683403
Fund	64.33%	5,190Cr	9285812	6872651	8262543	6670592
Prosus	8946	7493	8549	5036	2560	6554
Info Edge Ventures	286	420	527	316	627	233
360 One	4	8	6	2	8	8
Enterprise	3.41%	275Cr	124	774	605	973
Angel	6.15%	496Cr	851217	853072	470349	257332
Other People	0.01%	1.16Cr	0	0	0	0
ESOP Pool	7.67%	619Cr	9012536	4030947	1976934	1040909
Other Investors	0.65%	52.1Cr	0	0	0	0
Total	100.00%	8,060Cr	2523103	5812101	9347633	9872776