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Accel & 360 ONE Sell BlueStone Shares in ₹513 Cr Deal

By Business DeskAccel & 360 ONE Sell BlueStone Shares in ₹513 Cr Deal

Investment firms Accel and 360 ONE offload BlueStone shares worth ₹513 crore via block deals as the omnichannel jewellery retailer prepares for an IPO.

Prominent investment firms Accel and 360 One have executed block deals to sell shares of omnichannel jewellery brand BlueStone. The secondary market transaction reached a total value of approximately ₹513 crore.

Deal Breakdown and Participants

The transaction allows early backers to partially monetize their holdings before a public market debut. The Bengaluru-based startup has been expanding both its physical and digital footprint.

Key details of the secondary market transaction include:

Seller entity: Accel offloaded a portion of its stake.

Seller entity: 360 One divested holdings in the omnichannel jewellery retailer.

Total transaction value: Approximately ₹513 crore across the block deals.

Target company: BlueStone, the Bengaluru-based omnichannel jewellery brand.

IPO Preparation and Market Context

This secondary market share sale arrives as the company prepares for a potential public listing. The move enables early backers to realize partial liquidity while operating in the competitive Indian retail landscape.

Market observers note that secondary transactions prior to public offerings are common mechanisms for early-stage venture capital funds to return capital to their limited partners.

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