Online space for beauty and wellness needs, Purplle.com (Purplle) has raised $45 million in the funding round, led by Sequoia Capital India.
The company was founded by Manish Taneja and Rahul Dash in 2012. The round also saw participation from existing investors Verlinvest, Blume Ventures, and JSW Ventures
“It also saw Ivy Cap Ventures, an early backer of Purplle, partially exit with 22X gains,” a release made by the company said.
Founder and managing partner at IvyCap, Vikram Gupta, stated, “We were confident that digital would disrupt and redefine the beauty industry in India. We continue to believe in the growth of the company and thus have retained our stake for Fund 2.”
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