IPO-bound BlueStone geared for unicorn tag

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Here’s the summarized information from the provided text regarding BlueStone:

Funds

  • Investors:
    • RB Investments
    • Accel
    • Saama Capital
    • IvyCap Ventures
    • Kalaari Capital
    • Peak XV Partners
    • Prosus
    • Steadview Capital
    • Think Investments
    • Pratithi Investments (Kris Gopalakrishnan’s family office)

Startup

  • Name: BlueStone

Founders

  • Gaurav Singh Kushwaha (Founder and CEO)

Fundraise Series

  • Recent fundraising:
    • Rs 900 crore (August 2024) – combination of primary and secondary transactions.
    • Rs 40 crore (May 2024) – in debt from BlackSoil and Caspian Impact Investments.
    • Ongoing discussions for secondary deals amounting to Rs 300–350 crore.

Valuation

  • Current valuation: Rs 10,500 crore (~$1.2 billion).
  • Previous valuation: Rs 8,100 crore (August 2024).

Fundraising Dates

  • August 2024: Closed a funding round of Rs 900 crore.
  • May 2024: Raised Rs 40 crore in debt.
  • IPO expected: Pricing to be finalized soon, with the draft red herring prospectus filed in December and approved in April.

This captures the relevant details regarding the funds, investors, the startup, its founder, and the series of fundraising activities.

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2025-06-18 00:30:00