Chennai: Purplle.com, an online beauty destinations, has announced closing a Rs 330 crore deal from Verlinvest, Sequoia Capital India, Blume Ventures, and JSW Ventures.
The investment, it said, will further bolster the brand’s ambition to deliver 8-10X growth in the next 4-5 years.
On the deal, Manish Taneja, co-founder and CEO, Purplle.com, said, “We are excited to partner with Sequoia Capital India, as they foray into the online beauty industry. Reinvestment from Verlinvest, JSW Ventures, and Blume Ventures, is a testament to the conviction of our investors.”