29 May 2022, Mumbai:
Purplle, a multi-brand cosmetics retailer aims to raise fresh funds. The last time Purplle raised funds was in November 2021 when the business raised $60 million from Premji Invest.
ALSO READ Purplle witnesses 70% growth in active users v/s Nykaa stands at 50%: Bobble AI report .
This investment gave the business a valuation of $630 million. This investment also came only weeks after Purplle had secured a $75 million investment from Kendaara Capita.
RELEVANT NEWS Kedaara Capital invests $75 million in Purplle
Manish Taneja and Rahul Dash launched Purplle in 2012 with a dedicated e-commerce store.
The retailer runs its own brands which include Purplle, Good Vibes, and NY Bae and also retails a wide range of other Indian and international brands.
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