Online beauty platform, Purplle.com on Friday said it raised $75 million in a funding round led by Kedaara along with Sequoia Capital India and Blume Ventures. This comes six months after a $45 million funding backed by Verlinvest, Blume Ventures, JSW Ventures and Sequoia Capital India. Next phase of growthThe company said this investment will “augment its goal to deliver 6-8 times growth” in the next five years. Robust growthThe company said that it is on a “robust growth trajectory”, having grown its GMV by 6x in the last 3 years. “This investment will further strengthen Purplle’s position as it scales to build a global multibillion-dollar beauty company from India,” it added.

Source: The Hindu October 29, 2021 18:39 UTC