Bluestone Raises $30 Million Funding, To Double Down On Omnichannel Play

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The company is raising money almost after six years. Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesIn the next two years, the company is targeting annual revenue of more than Rs 2,000 crore. Jewellery retailer Bluestone said it has raised over $30 million in funding at a valuation of $410 million from Hero Enterprises. Bluestone said it plans to open 100 more stores in the next year and aims to have 300 stores by 2024.Kushwaha He said Bluestone is profitable and will have a net profit of Rs 1-10 crore in the current financial year.