Purplle.com closes $140 mn Series D round adding Premji Invest to cap table

Online beauty platform Purplle.com has raised $65 million, bringing Premji Invest, the investment arm of Wipro billionaire Azim Premji, to the cap table. This investment comes weeks after a $75 million funding, led by Kedaara Capital, alongside Sequoia Capital India and Blume Ventures. The infusion will accelerate the company’s growth to build a multibillion-dollar company from India. The company said it has closed $140 Million Series D funding after the investment from Premji Invest.

The funding is also expected to help Purplle compete with traditional players and online beauty platforms such as Nykaa, MyGlamm and Myntra.