BlueStone’s IPO Second Is Right here

After 14 years in enterprise, Bluestone is all set to make its D-Road debut later this month. The corporate has filed its pink herring prospectus (RHP), and its public difficulty will open for subscription on August 11. However under the large milestone for the corporate, one thing appears to be unsettling. 

Effectively, the omnichannel jewelry model has trimmed the dimensions of its recent difficulty by 18% to INR 820 Cr and slashed its OFS part by almost half to 1.4 Cr shares. IvyCap Ventures, which initially deliberate to unload 31.3 Lakh shares, has chosen to not partake in any respect. 

So, what’s behind BlueStone’s trimmed IPO plans?

Caught In Headwinds: BlueStone’s upcoming public itemizing faces a gamut of challenges – swelling losses, a cautious market and a cluttered jewelry market dominated by giants. Making issues worse is the corporate’s aggressive advertising and marketing spending and capex-intensive retail enlargement, which can make profitability troublesome to realize within the close to time period. 

The Shaky Economics: BlueStone’s determination to proceed with its IPO additionally comes regardless of its ongoing profitability challenges. In FY25, the jewelry model’s: 

BlueStone’s Trump Card: BlueStone is banking on its offline push to draw traders. The omnichannel model’s bodily shops contribute to regular development in its prime line, cut back dependence on on-line marketplaces, create model recall and pave the best way for digging deeper into Tier I markets.

As Bluestone units its sights on turning into India’s first new-age jewelry model to record on the bourses, here’s a lowdown on how its IPO stacks up.

From The Editor’s Desk

Delhivery’s Profitability Streak: Constructing on its FY25 revenue run, the logistics large clocked its highest-ever quarterly revenue in Q1 FY26. However the path forward could also be tough, because it manoeuvres the short commerce sport and Ecom Categorical integration.

Fibe Nets $25 Mn Debt: The digital lending platform has raised the debt from a clutch of monetary establishments, together with  Franklin Templeton Different Investments Fund India. Fibe provides brief and long-term loans to salaried staff.

Zostel Rejigs Prime Deck: The hospitality startup has elevated Aviral Gupta to the function of CEO whereas cofounder Dharamveer Singh Chouhan has transitioned to the function of chairman. The startup caters to travellers through its 120+ hostels and houses in 120 locations throughout India. 

BlackBuck’s Q1 Present: The logistics main reported a revenue of INR 33.7 Cr in Q1 FY26, up 17.5% from INR 28.7 Cr within the year-ago quarter. Working income zoomed 56% YoY to INR 143.6 Cr throughout the quarter below overview.

Tesla’s India Enlargement: After Mumbai, the EV large is all set to open its second showroom in India subsequent week in Delhi’s Aerocity. Tesla has additionally leased a 33,000 sq ft retail and repair area for 9 years on Sohna Street in Gurugram for INR 40 Lakh a month.

Fintechs Vs DPDP Act: The NPCI and aggregators like Google Pay and PhonePe have urged the Centre to exempt them from a provision of the Act, which requires consumer consent for every transaction. They consider that the rule would result in an increase in value and complexity.

TurboHire Nets $6 Mn: The AI-powered HR tech startup has raised the capital in its Collection A spherical led by IvyCap Ventures. TurboHire leverages agentic AI to automate the enterprise recruitment course of and streamlines the hiring lifecycle for enterprises. 

Gensol Insolvency Saga: The NCLAT has barred the EPC firm’s decision skilled from leasing out 152 EVs, which had been rented from SMAS. In April, SEBI discovered Gensol promoters responsible of deceptive regulators and utilizing the corporate’s funds for private use. 

Inc42 Startup Highlight

How Curie Cash Is Serving to Customers Save With UPI Funds 

Digital funds proceed to develop by leaps and bounds in India. Nonetheless, the comfort of creating a cost in a single contact has led to folks spending recklessly and depleting their financial savings. However Curie Cash desires to vary this. 

Saving By UPI: Based in 2022, the UPI-focussed fintech platform helps its customers put money into financial savings whereas persevering with to make use of UPI as they usually would. As an alternative of letting a buyer’s cash sit idle in a low-interest financial savings account, Curie invests it into liquid mutual funds, that are monetary devices that sometimes provide increased returns whereas nonetheless permitting on the spot entry.

Each time one must make a UPI cost, the app routinely deducts the quantity from the invested funds and completes the transaction. This manner, the cash stays invested, with out affecting day by day comfort.

A Novel Method: With its distinctive enterprise mannequin, the Bengaluru-based startup operates on the intersection of digital funds and funding tech segments, that are projected to turn into $250 Bn and $74 Bn market alternatives by 2030, respectively. 

Backed by India Quotient, can Curie Cash disrupt the fintech sport with its UPI-centric twist on financial savings?