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beauty tech Tech in India Unicorns

Indian online beauty retailer Purplle becomes a unicorn after raising $33 million

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Indian online beauty retailer Purplle becomes a unicorn after raising $33 million
Photo by freestocks / Unsplash

Purplle, an India-based online beauty and personal products sales platform has raised $33 million in its new funding round, at a $1.1 billion valuation from Paramark Ventures.

  • The funding will be used to support its inorganic growth plans, the firm claims.
  • Purplle is an online beauty marketplace with over 1,000 brands on its platform and five private labels.
  • With over seven million active users, the platform claims it has a gross value of $180 million in annualized merchandise.
  • Premji Invest, Blume Ventures, and Kadeera Capital participated in the funding round making Purplle the latest unicorn in India after the edtech firm, PhysicsWallah.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

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