India, Aug. 5 -- Jewellery startup BlueStone recorded a 56% surge in its net loss to INR 221.8 Cr in FY25 from INR 142.2 Cr a year ago.

According to its red herring prospectus (RHP) filed on August 5, the omnichannel jewellery brand also reported a revenue of INR 1,770 Cr in the fiscal under review, up 39.9% from INR 1,265.8 Cr last year. The healthy uptick in revenue was offset by the company's rising expenses and high capital expenditure to fuel its offline push.

Founded in 2011 by Gaurav Singh Kushwaha, BlueStone sells a wide range of jewelleries to a diverse customer demographics and needs. Its products target both women and men, aged between 25 and 45 years.

BlueStone sells gold and studded jewellery through both online channels, ...