Purplle Raises $45 Million Funding From Sequoia, Others
03/22/21, 4:33 PM
Money raised
$45 million
With this round of fundraising, the company’s early backer Ivy Cap has partially exited with around 22 times gains.
Company Info
Company
Purplle
Additional Info
The investment will augment the company’s goal to deliver 6-8X growth in the next five years, the startup said in a release. The beauty e-tailer has nearly 50,000 products from over 1,000 brands on its website and app, the company said. INThe firm said it has clocked 90% growth in gross merchandise value (GMV) in the past three years. Online beauty store Purplle said it has raised $75 million in funding led by Kedaara, Sequoia Capital India and Blume Ventures. Founded in 2012, Purplle has 7 million monthly active users.