BlueStone, one of India’s leading online jewellery retailers, made a strong debut on the stock market this week, propelling its founder Gaurav Singh Kushwaha into the spotlight with a personal net worth now exceeding ₹1,300 crore.
An IIT-Delhi alumnus and former Amazon executive, Kushwaha transitioned from a career in global technology to entrepreneurship, founding BlueStone with the vision of building a scalable, digital-first jewellery brand for Indian consumers. The company’s public listing reflects both investor confidence and the growing appetite for organized, design-led jewellery retail in India.
Since its inception, BlueStone has differentiated itself with a blend of technology-driven personalization, a wide product range, and a strong digital-to-offline model. The company leverages data-driven design, try-at-home services, and omni-channel retailing, capturing a younger demographic increasingly seeking customized jewellery shopping experiences.
The IPO marks a significant milestone not only for BlueStone but also for India’s consumer internet ecosystem, demonstrating the scalability of digital-first brands beyond traditional e-commerce categories. The listing underscores how tech-enabled consumer ventures are creating substantial shareholder value and shaping India’s retail future.
BlueStone’s valuation surge highlights the potential for new-age retail businesses to challenge legacy players by combining design innovation with technology-led customer engagement. With its successful market debut, the company is positioned to expand its footprint further, strengthen its omni-channel presence, and capture a larger share of India’s fast-growing jewellery market.
About BlueStone
Founded in 2011, BlueStone is a Bengaluru-based omni-channel jewellery brand offering a wide range of designs across categories including rings, necklaces, earrings, and bridal jewellery. The company operates through a mix of digital and offline channels, with services such as try-at-home and customization. Over the years, BlueStone has raised capital from marquee investors and built a strong consumer base across India.