Mumbai: BlueStone Jewellery, an online-first jeweller backed by Ratan Tata, plans to raise around ₹2,000 crore through an IPO, people familiar with the matter said.
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The startup is seeking pitches from investment bankers to underwrite and market the IPO that is likely to involve diluting a 10-15% stake, comprising a fresh issue of shares and an offer for sale (OFS), they said.
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Launched in 2011, BlueStone is backed by prominent investors such as Ratan Tata, Accel, Kalaari, Iron Pillar, IvyCap, Nikhil Kamath, and Saama Capital. Some of the existing private equity investors are expected to sell their holdings entirely or partly through the IPO, people cited above said.
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An email query sent to BlueStone Jewellery did not receive any response till press time Wednesday.
