BlueStone Bags INR 40 Cr In Debt From BlackSoil, Others

Bluestone, an e-commerce platform specializing in jewelry, has secured ₹40 crore in debt financing from a consortium of investors including BlackSoil. The company intends to utilize these debt funds to strategically support its inventory expansion efforts and to bolster its working capital reserves in anticipation of the upcoming festive season, which typically sees a surge in jewelry demand. This debt financing round follows Bluestone's successful equity funding round of $30 million, which was secured in 2024, indicating a multi-pronged approach to fueling the company's growth and operational needs within the competitive online jewelry market.