2011
Mumbai (India)
Series F
Purplle is a leading Indian omnichannel beauty and personal care retailer. Purplle has rapidly grown to become one of India’s top beauty e-commerce platforms, serving over seven million monthly active users and offering more than 60,000 products from 1,000+ brands. While its primary market is India, Purplle has expanded its reach across both metro and emerging Tier 2 and Tier 3 cities, making beauty accessible to a diverse and growing customer base.
E-commerce Marketplace: Purplle’s online platform features a vast catalog of skincare, haircare, makeup, fragrances, and wellness products from both international and Indian brands.
Private Label Brands: The company has successfully developed and scaled its own direct-to-consumer (D2C) brands, including FACES CANADA, Good Vibes, Carmesi, Purplle, NY Bae, and Stay Quirky, which now contribute 38–40% of total revenue.
Offline Presence: Since 2022, Purplle has expanded into offline retail with 6,000+ touchpoints and exclusive stores, reinforcing its omnichannel strategy.
Personalized Shopping Experience: Leveraging AI and data analytics, Purplle offers personalized recommendations, virtual try-ons, and customized beauty solutions, enhancing user engagement and satisfaction.
Beauty Services: The platform also connects users to beauty professionals for salon and spa services, further diversifying its offerings.
Young Millennials (18–30): Tech-savvy, trend-driven, and active on social media.
Urban Professionals (25–40): Value convenience, quality, and personalized recommendations.
Beauty Enthusiasts: Early adopters seeking new products and trends.
Budget-Conscious Shoppers: Looking for affordable yet quality beauty solutions.
Tier 2 & 3 Market Consumers: Expanding reach to underserved regions with growing purchasing power.
Product Diversification: Regularly launching new categories and expanding private label offerings to address evolving consumer needs.
Geographic Expansion: Targeting Tier 2 and Tier 3 cities to tap into new customer segments and drive volume growth.
Omnichannel Approach: Integrating online and offline channels for a seamless, personalized shopping experience.
Strategic Acquisitions: Acquiring complementary businesses to broaden product range, talent, and technology.
Technology Investment: Leveraging AI, data analytics, and cloud infrastructure for personalization, supply chain optimization, and operational efficiency.
Purplle has established itself as a formidable force in India’s beauty and personal care industry through its innovative omnichannel approach, strong private label portfolio, and data-driven personalization. Its diversified revenue streams, strategic focus on emerging markets, and robust growth strategies make it a compelling investment and research opportunity in the rapidly evolving Indian beauty landscape. Purplle’s business stands out for its aggressive private label strategy, deep personalization, and focus on emerging markets, setting it apart from competitors like Nykaa, Amazon Beauty, and Flipkart Beauty.
$740Million
19
$180Million, Series F
as of October 14, 2024
$1.3Billion
as of October 14, 2024
1.76
as of October 16, 2024
Blume Ventures
and 8 more1163
Pureplay Skin Sciences
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
October 14, 2024 | Series F | $180Million | - | - | - | (ADIA) investors Premji Invest and Blume Ventures. |
October 14, 2024 | Series F | $180Million | - | - | - | Blume Ventures, Sharrp Ventures, Premji Invest |
March 11, 2024 | Series E | Undisclosed | - | $87.6Million | - | ADIA, BlackSoil ,IndigoEdge |
January 31, 2023 | Series E | $9.6Million | $996.0Million | $57.9Million | 16.3x | ADIA |
October 16, 2022 | Series E | $75.0Million | $1.0Billion | $49.7Million | 19.7x | Peak XV Partners, Blume Ventures, Kedaara |
June 9, 2022 | Series E | $34.8Million | $1.0Billion | $38.7Million | 25.4x | Paramark Ventures, Blume Ventures, Kedaara ,Premji Invest, ADIA |
November 16, 2021 | Series D | $85.8Million | $654.0Million | $26.6Million | 21.6x | Sequoia Capital, Blume Ventures, Innoven Capital, Peak XV Partners,Premji Invest |
October 30, 2021 | Series D | $75.0Million | $529.0Million | $25.6Million | 17.6x | Kedaara, Blume Ventures, Sequoia Capital, Peak XV Partners, IndigoEdge, DSK Legal, Cyril Amarchand Mangaldas, AZB & Partners, Constellation Blu |
March 17, 2021 | Series D | $45.0Million | $139.0Million | $18.7Million | 4.9x | Verlinvest, Blume Ventures, Mountain Pine Capital, Suncoast Investments, Peak XV Partners, JSW Ventures ,Nava Limited, Rippledot Capital |
November 24, 2020 | Series C | $1.0Million | $140.0Million | $17.1Million | 7.9x | Spring |
April 17, 2018 | Series B | $3.9Million | $41.5Million | $5.7Million | 6.4x | IvyCap Ventures, JSW Ventures, Blume Ventures, AET Fund, KA Enterprises, Dream Incubator , Nava Limited, Cosendo Technologies, IndigoEdge, Nbventures, Akatsuki |
February 17, 2017 | Series B | $2.4Million | $35.7Million | $3.3Million | 8.5x | Mountain Pine Capital, Suncoast Investments, IvyCap Ventures ,SunCoast Capital Group, JSW Group, Nava Limited, Nbventures |
May 9, 2016 | Series B | $6.0Million | $24.9Million | $4.3Million | 4.3x | JSW Ventures, IvyCap Ventures, Kalpavriksh Fund, Brand Capital , Nava Limited |
October 21, 2015 | Series A | $1.9Million | $24.0Million | $3.2Million | 7.1x | Blume Ventures, IvyCap Ventures, Kalpavriksh Fund |
August 20, 2013 | Seed | $568.0K | $3.9Million | - | - | Blume Ventures, Mumbai Angels, The Chennai Angels, Kalpavriksh Fund, Acsys Investments ,Vikas Ventures, Partha Consulting, Aromatan Developers and Builders |
March 22, 2012 | Angel | $222.0K | $709.0K | - | - | - |