Purplle valuation jumps 4x in Kedaara-led funding round

Online beauty products platform Purplle has raised $75 million in a new funding round led by private equity firm Kedaara Capital.

Existing investors Sequoia Capital India and Blume Ventures have also participated in the round. The latest funding comes six months after it raised $45 million from Sequoia Capital and others.

The Mumbai-based company’s valuation has jumped more than four-fold to $630 million following the new round, cofounder and CEO Manish Taneja said.