PE Fund Investments
Fashion apparel co Purple Style Labs raises $8-M
Mumbai-based luxury fashion house Purple Style Labs has raised USD 8 million in a fresh round of funding. The firm's Series D funding was led by Sanket Parekh of Pidilite Family Office, with participation from Signet (Harish Shah Family Office), Hira Group Family Office and other investors. Purple Style Labs' valuation was boosted to USD 352 million in the round. Founded by Abhishek Agarwal in 2015, Purple Style Labs retails high-end designer brands under Pernia's Pop-Up Shop brand, which it acquired in 2018. It plans to achieve USD 200 million gross sales in the next 2-3 years and eventually go for a public listing in 2026.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
