Indian beauty e-retailer Purplle gives early investor a 22x return in latest funding

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Indian beauty e-retailer purplle gives early investor a 22x return in latest funding

23 Mar 2021

1 min read

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

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Indian beauty e-retailer Purplle gives early investor a 22x return in latest funding | PraxisGA