IVY CAP INVESTMENT:
2014 (FUND I) AND 2019 (FUND II)
YEAR OF PART EXIT:
March 2021 (Fund I)
Manish and Rahul bringing more convenience to India’s beauty shopping experience!
The founders wanted to demystify the problem of misinformation that plagued consumers in the beauty segment. They launched Purplle in an attempt to help customers make informed choices while creating a personalised beauty regime. It is a tech-driven platform that gives easy access to world-class brands and unravels the best-kept secrets in the beauty and wellness industry through its engaging social media platforms.
Today, Purplle is one of the largest e-beauty destinations in India with over 7 million monthly active users, 1000+ brands and over 50,000 products available on their website.
Co-Founder & CEO
Co-Founder & COO
Here's how Purplle provides personalized beauty products for all.
Accurate trend predictions
Easily accessible platform
Beauty for all
Purplle gives Ivy Cap Ventures 22x return with new investment
According to the company, the investment is expected to boost the startup’s growth, as it looks to grow by almost 10-times in the next 4-5 yearsKnow more
Sequoia, Verlinvest lead growth round in Purplle; IvyCap books partial exit
Online beauty products marketplace Purplle, operated by Mumbai based Manash Lifestyle, has raised $45 million (Rs 325 crore as per current exchange rates) in a funding round led by Sequoia Capital India and returning investor Verlinvest.Know more
As Purplle raises $45 million, early investor IvyCap clocks 22X gains
This partial exit has helped the fund generate 1.35 times its entire Fund 1 value of Rs 240 crore, which it raised in 2013 from various domestic financial institutions.Know more