February 23, 2024 16:03 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi inaugurates 9th edition of Raisina Dialogue in Delhi, his Greece counterpart calls India a 'great power' | NHRC sends notices to Bengal Chief Secy, DGP on Sandeshkhali incidents, seeks reports within 4 weeks | ED grills TMC MP Dev for 8 hours in cattle smuggling case in Delhi | ED grills TMC MP Dev for 8 hours in cattle smuggling case in Delhi | BJP is weakening democracy, suppressing voice of Dalits: Rahul Gandhi
Beauty etailer Purplle joins unicorn club after raising $33 million Purplle

Beauty etailer Purplle joins unicorn club after raising $33 million

India Blooms News Service | @indiablooms | 10 Jun 2022, 05:19 pm

Mumbai: Beauty etailer Purplle entered the unicorn circuit after raising $33 billion from Paramark Ventures at a valuation of $1.1 billion.

Purplle became the second Indian tech-startup unicorn this week, after Edtech company, Physics Wallah, attained the status after raising $100 million in its maiden funding round led by WestBridge Capital and GSV Ventures.

Existing investors Premji Invest, Blume Ventures, and Kedaara Capital also participated in the round.

So far the company has raised $215 million including the latest round.

Its earlier investors include Goldman Sachs and Verlinvest.

Purplle was co-founded by Manish Taneja and Rahul Dash in 2012.

Its Gross Merchandise Value (GMV) stood at $180 million in FY22.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.