Purplle to scale business following $75 million fund-raise

Mumbai-based beauty and personal care e-commerce platform Purplle is planning acquisitions and to test the omnichannel distribution format as it looks to scale business following a $75 million fund-raise at a valuation of around $600 million.

The company also has a long-term plan to go public in the next five years.

“The valuation was $630 million post money and the investment was led by private equity fund Kedaara Capital. They have taken many companies public. Our existing investors, which include Sequoia Capital and Blume Ventures, have also participated. Till now the aggregate amount of funds raised is $170 million,” said co-founder and CEO Manish Taneja.