JSW Ventures sells part of its holding in e-commerce firm Purplle to Abu Dhabi Investment Authority

JSW Ventures on Wednesday said it has sold a part of its holding in e-commerce firm Purplle to Abu Dhabi Investment Authority (ADIA). “The partial exit in Purplle has generated 18x return on the capital invested,” JSW Ventures said in a statement. The company, however, did not disclose any financial details of the transaction.

In a statement, JSW Ventures said following this transaction, JSW Ventures has returned 2x of the Fund I corpus to their investors. JSW Ventures first invested in Purplle’s Series A round in 2016 from their first fund. According to industry sources, the first fund of JSW Ventures was Rs 100 crore.