Rumor: Temasek Is Considering Investing $100 Million in Indian Jewelry Retailer Bluestone

May 11, 2023

Recently, Reuters reported that two sources familiar with the matter disclosed that Temasek Holdings, the Singaporean state-owned investment firm, is considering investing $100 million in Indian jewelry retailer BlueStone for around 20% of the company.
One of the sources stated that BlueStone, based in Bangalore, is currently valued at nearly $500 million and its investors include venture capital firm Accel and Indian industrialist Ratan Tata. However, as the news has not yet been made public, the source declined to be named.

Previously, due to the surge in demand following the pande …