Sachin Tendulkar

Omnichannel jewellery retailer BlueStone has filed its draft red herring prospectus (DRHP) with SEBI, proposing to raise ₹1,000 crore ($119 million) through a fresh issue of equity shares and an offer for sale (OFS) of 2.398 crore shares. Key Stakeholder Divestments Accel Capital will divest 14.6% of its holding, while Iron Pillar and Sunil Kant Munjal will offload 31.9% and 51.6%, respectively. Samma Capital, IvyCap Ventures Advisors Private Limited, and Kalaari Capital will fully exit the company. Accel Capital remains the largest external stakeholder at 12.25%. Recent Performance and Valuation In September, Bluestone secured ₹900 crore in pre-IPO funding, bringing its post-money valuation to ₹7,750 crore ($922 million). The company achieved ₹348.2 crore in revenue for Q1 FY25 but reported a loss of ₹59.2 crore. FY24 saw impressive growth, with revenue surging 64% year-on-year to ₹1,266 crore. IPO Management Axis Capital, IIFL Capital, Kotak, and Kfintech will serve as the book-running lead managers for the IPO, while the price and lot size will be finalized soon. Bluestone’s IPO marks a significant milestone in its journey, positioning the brand for further growth in India's jewellery market. Gaurav Singh Kushwaha Sudeep Nagar | Vipin Sharma | Rumit Dugar | Ashish Bansal | Suket Murarka | Arpita | Harshna Dadu | Puneet Saraswat | Diksha Singh | Rushina Shah | Gaurav Sachdeva |

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Lab-grown diamond startup True Diamond has raised $1 million in a seed funding round led by Titan Capital, with participation from Huddle Ventures, Zeropearl Ventures, and prominent angel investors. The Mumbai-based startup specializes in high-quality lab-grown diamond jewellery that mimics natural diamonds in chemical composition, physical properties, and optical characteristics. Read the full story here:👇 https://lnkd.in/gc7ZgqnC #diamond #jewellery #funding #investors #angelinvestors #mumbai #startup #indianstartupnews

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In this exclusive spotlight interview, we sat down with Ankit Jaipuria, Founder of ZYOD, a trailblazing #B2B apparel brand that is revolutionizing the industry. Ankit shares his journey of transforming ZYOD from a startup to a leading player in the B2B space, discussing the challenges and triumphs along the way. Learn about his vision for the future, the strategies that have fueled ZYOD's rapid growth, and his insights into the evolving landscape of the apparel industry. Click here to watch this interview: https://lnkd.in/gBPS4maU Sandipan Ray, Ambika Yadav, Cheshta Minocha, Radhika Bansal, Prerna Arora #b2bapparel #entrepreneurs #spotlightinterviews #corporateinterviews #businessinterviews #business #entrepreneurs #inspiringstories #businesstips #businessgrowth #businesschallenges

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Omnichannel jewellery retailer BlueStone has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The offer comprises a fresh issue of equity shares worth up to Rs 1,000 crore and an Offer for Sale (OFS) of up to 2.39 crore equity shares. In the OFS, investors Saama , IvyCap Ventures Advisors Private Limited, and Kalaari Capital will make a complete exit. As of the DRHP filing, Accel is the largest external shareholder with a 12.25% stake, followed by 360 One with 6.27%. The Bengaluru-based company reported an operating revenue of Rs 1,265.8 crore and a loss of Rs 142.2 crore in FY24. For Q1 FY25, Bluestone posted revenue of Rs 348.2 crore and a loss of Rs 59.2 crore. For more details, visit: https://lnkd.in/gCc3u4QA #Bluestone #DRHP #IPO #SEBI #Jewellery #FreshIssue #OFS

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India’s merchandise exports in the first half of FY25 rose at a modest rate of 1%, owing to slowdown in global demand, decline in oil prices, higher logistics costs for exporters, and of course, declining competitiveness in certain segments. The outlook for the second half is however of slight improvement, even as the current external situation is likely to sustain, according to analysts. #exports #economy #trade #growth #news #indianeconomy Read: https://lnkd.in/gaV69Zjq

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The A to Z of Mall Development and Mall Management in one Book. This masterclass of Malls, will stay with you for life !!! BUY Today on Amazon at a special price !!! #amazon #book #textbook #mall #management #retail #school #businessschool #mallmechanic #susildungarwal

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Mithun Sacheti the poster boy of Indian Jewellery retail was the cynosure of all eyes and ears at the recently concluded Next Gen Leadership summit organised by Gem And Jewellery Export Promotion CouncilÊ(Gjepc). Sharing his views on lab grown diamonds in response to an audience query, Mithun said that lab grown diamonds are not an option for mined diamonds. LGDs are an opportunity to get one crore customers and put one crore engagement rings in their hands. If one approaches it with this viewpoint, one should get into it. Please remember that any electronic or mass manufactured product that does not have throughput will collapse. If you build it as a substitute (to natural diamonds) and its value is derived from it, you are limiting its potential. Natural diamond segment itself serves a very small number of consumers. So how many will you convert from this small base ? It has to be built to address a vey large number of consumers who cannot afford to buy a mined diamond jewellery. If I was in that space that’s what I would do. Unit economics, scale, marketing would have to be derived from this viewpoint. #labgrowndiamonds

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Luxury furniture brand Stanley Lifestyles has raised a little over Rs 161 crore from anchor investors, a day before its initial share-sale. Stanley Lifestyles Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing #IPO #shareallotment

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Exciting news from SuperK! In just 3 months, we successfully transformed Adani Wilmar Limited's Fortune Sunflower Oil from a 3% market share product to a whopping 54% market share at our stores. With our in-house built tech, our focused strategy on targeting offers to customers has done the wonder. A big shoutout to the incredible team for this. Looking forward to more milestones ahead! #MarketShareGrowth #CustomerEngagement #FMCG 🚀 Neeraj Menta Ketan B Bhosle Sarat Chandra Sandeep Kumar Yarlagadda

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Delhi-based fast fashion omnichannel ethnic wear brans Libas has raised Rs.150 crore from ICICI Venture fund. Libas | Libas | ICICI Venture Funds | Sidhant Keshwani Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailtrends #retailbusiness #ir #IndiaRetailing

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Foreign direct investment (FDI) in India’s gem and jewellery sector reached Rs 330 crore, as per the Gem and Jewellery Export Promotion Council (GJEPC). This surge, reflecting investor confidence, also boosted the sector's FDI share to 0.24% from 0.05% last year. Chairman Vipul Shah noted these investments would improve technology, production, and global market access for Indian jewellery    Tap the link to read more: https://lnkd.in/dT8hUwZC Keep up with the week’s latest jewellery market news with Retail Dive   If you don’t receive Retail Dive, tap the link: https://lnkd.in/dsDHzvtz  to sign up for a free subscription    .  .  #TheRetailJewellerIndia #goldrate #golddemandprojection #marketestimation #jewellerybusiness 

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Dr. Suruchi Mittar, Senior Vice President & Chief Industry Officer - Non-Tech Sectors at Invest India (Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India), in her address, focused on strengthening the retail industry and highlighted the growing segment of elite retail customers. She noted that customer preferences are shifting, with a stronger focus on food and real-time experiences. Dr. Mittar also discussed government initiatives, including subsidies for establishing new shopping malls, and the push for international companies to source at least 30% of materials from India. These efforts, she stated, are contributing to the growth of the economy and driving positive change in the retail landscape. #RetailLeadership #Retailinnovation #AdventureAndAchievement #VisionaryLeadership #RISE2024 #RetailSummit #Inspiration #BusinessAndAdventure

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Kalyan Jewellers to complete Candere buyout for Rs 42 cr Kalyan Jewellers will acquire remaining 15% stake in three tranches Kalyan Jewellers is all set to acquire Candere wholly. The company will be acquiring the remaining 15% stake in its e-commerce #subsidiary #Enovate #Lifestyles, which operates under the brand Candere, for Rs 42 crore in three #tranches. This deal will make #Candere a wholly owned unit as Kalyan Jewellers shifts focus from pure e-commerce to an #omnichannel #strategy, the company said in a #regulatory filing. Read more:- https://lnkd.in/gsMbub6Y #KalyanJewellers #Candere #EnovateLifestyles #JewelleryAcquisition #OmnichannelStrategy #EcommerceBusiness #BusinessAcquisition #RetailNews #JewelleryIndustry #BusinessGrowth #DailyNews #Special #DailyUpdates #News #Business #Businessnews #TrendingNow #FranchiseNews #DailyNewsUpdate #Franchise #Franchiseindia

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Mukesh Ambani-led Reliance Industries Limited (RIL) has acquired a 74% stake in Navi Mumbai IIA Private Ltd (NMIIA) for a transaction value of INR 1,628 crore. This strategic acquisition reflects RIL’s growing interest in infrastructure and industrial development, strengthening its foothold in the sector. https://lnkd.in/gxWhxWeg

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Bottlers are the moat of Coke/Pepsi. And it looks like Reliance may be able to overcome that disadvantage. “If need be, we will make a range which will fight that (B-segment) pricing also," said Ravi Jaipuria, chairman of the Varun Beverages, PepsiCo's largest bottling partner in India, though he said PepsiCo "is not affected" by the pricing strategy of Campa. "Going forward, they will take share of the total market. Who will get affected first - I'm not sure ... I don't know. But we are improving our go-to market," Jaipuria said. This is a quote from an interview by Ravi Jaipuria, the largest Pepsi bottler. What he is really saying is that Pepsi volumes are under pressure but the company is not ready to compromise on margins. Hence Pepsi is planning to launch new mass brands where they will play the discounting game to tackle Campa. Campa cola will face bottling challenges initially due to demand surge. They have the capital to make it happen. But it takes time to set up these bottling plants all over India with a large scale capacity. Coke/Pepsi bottlers operate on a thin margin. It is a turnover business. If volumes are affected in a major way for Coke/Pepsi, Bottlers will revolt. And then they can migrate to Reliance for higher margins & volumes. That is when the business of Coke/Pepsi will suffer acutely. If they retain bottlers, they may have to part with higher margins. In which case their own profit margins will start suffering. In the last couple of years both Coke/Pepsi have migrated from Company owned bottling to Franchisee owned bottling operations and freed up cash by selling assets. Infact Coke is in the last leg of monetising HCCB (bottling operation owned by Coke) This will come back to bite them if the above scenario pans out with bottler migration to Reliance. We live in interesting times. Link to the interview in comments. Read my views on how retailers are behaving in this price war: https://lnkd.in/ga3xhGjg My views on how consumer adoption for Campa can work: https://lnkd.in/gSifuUMV

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