June 25, 2022 16:39 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Supreme Court took away Constitutional right from Americans': Joe Biden on abortion ruling | Covid-19: Telangana records 493 new cases | US Supreme Court strikes down right to abortion | Sharad Pawar meets Uddhav Thackeray as more rebels join Eknath Shinde camp | As Shiv Sena seeks disqualification of rebels, 2 MLAs move against key decision-maker
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.

Related Images
FOHMA addresses press conference 01 Jan 1970, 05:30 am
Related Videos
PM Modi on Union Budget 2022-2023 01 Feb 2022, 06:28 pm
IBNS Live Business Chat 30 Dec 2021, 05:53 pm