Private Equity Fund Investments
Beauty products portal Purplle raises $56.6 M led by Kedaara Capital
Mumbai-based Purplle, an e-commerce marketplace for beauty products, has raised INR 425.26 crore (about USD 56.6 million) in a round led by Kedaara Capital. Kedaara will invest USD 49 million via Series D compulsory convertible preference shares at a valuation of USD 450-500 million. The funding round comes seven months after the firm raised USD 45 million from Sequoia Capital, Verlinvest, Blume and others.
From the Venture Intelligence PE-VC Deal Database: Between Aug-13 and Mar-21, Purplle raised over $105 M from JSW Ventures, Blume Ventures, Verlinvest, Sequoia Capital India, Spring Marketing Capital, Goldman Sachs, BlackSoil Capital, IvyCap Ventures, AET Fund, NB Ventures, Dream Incubator, Mountain Pine Capital, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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