PE Fund Investments
Beauty products marketplace Purplle raises addl $38-M from Sequoia, others: Report
Mumbai-based online beauty and grooming products marketplace Purplle has raised INR 257.43 crore (about USD 38 million) in its extended Series D round (now totaling to about $145-M) from Sequoia Capital and others, at a valuation of around USD 728 million. Sequoia has led the round, investing INR 238 crore (USD 32 million) via a special purpose vehicle called Faces Investments Holdings. Blume and Sangeeta Pendruka have invested the remaining amount. Following the allotment of fresh shares, Verlinvest, Sequoia and Kedaara Capital have 13.73%, 9.45% and 8.95% stake respectively. Founders Manish Taneja and Rahul Dash collectively own a little over 11% of the company.
From the Venture Intelligence PE-VC Deal Database: Between Aug-13 and Oct-21, Purplle raised $212.2 M from Kedaara Capital, Blume Ventures, PremjiInvest, Sequoia Capital India, JSW Ventures, Verlinvest, Spring Marketing Capital, Goldman Sachs, BlackSoil Capital, IvyCap Ventures, AET Fund, NB Ventures, Dream Incubator, Mountain Pine Capital, and others. Some investors have made partial exits. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.) From the Venture Intelligence M&A Deals Database: In Dec-21, Purplle acquired a 100% stake in Faces Cosmetics India, the Indian arm of Canada-based cosmetics and skincare brand Faces.
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