Consumer and Retail
Indian beauty e-retailer Purplle gives early investor a 22x return in latest funding
23 Mar 2021
Online beauty marketplace Purplle has raised USD 45
million from Sequoia Capital and existing investors including Belgian
investment firm Verlinvest and Indian venture capital companies Blume Ventures
and JSW Ventures.
This funding round saw the company’s value soar to
over USD 300 million, a report by local media Economic Times said. With the
fresh funds, the nine-year-old company plans to “deliver 8-10X growth” in the
next four to five years, it said in a statement.
The full article was originally published on Kr Asia