Purplle

Purplle

Online marketplace platform offering multi-category beauty products and accessories

Founded

2011

Headquarters

Mumbai (India)

Status

Series F

Company Details

Website

Socials

Email

Phone

+91 - 8655500222

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.

Core Products and Services

  • 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.

Customer Segmentation

  • 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.

Growth Strategy

  • 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.

Conclusion

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.

Key People

Manish Taneja

Suyash Katyayani

Rahul Dash

Key Metrics

Total Equity Funding

$740Million

No. of Funding Rounds

19

Latest Funding Round

$180Million, Series F

as of October 14, 2024

Post Money Valuation

$1.3Billion

as of October 14, 2024

Funding Multiple

1.76

as of October 16, 2024

Investors

Blume Ventures

and 8 more

Employee Count

1163

Similar Companies

Pureplay Skin Sciences

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
October 14, 2024 Series F $180Million--- (ADIA) investors Premji Invest and Blume Ventures.
October 14, 2024Series F$180Million---Blume Ventures, Sharrp Ventures, Premji Invest
March 11, 2024Series EUndisclosed-$87.6Million- ADIA, BlackSoil ,IndigoEdge
January 31, 2023Series E $9.6Million$996.0Million$57.9Million16.3x ADIA
October 16, 2022Series E$75.0Million$1.0Billion$49.7Million19.7xPeak XV Partners, Blume Ventures, Kedaara
June 9, 2022 Series E$34.8Million$1.0Billion$38.7Million25.4x Paramark Ventures, Blume Ventures, Kedaara ,Premji Invest, ADIA
November 16, 2021Series D$85.8Million$654.0Million$26.6Million21.6xSequoia Capital, Blume Ventures, Innoven Capital, Peak XV Partners,Premji Invest
October 30, 2021Series D $75.0Million$529.0Million$25.6Million17.6x 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$18.7Million4.9x Verlinvest, Blume Ventures, Mountain Pine Capital, Suncoast Investments, Peak XV Partners, JSW Ventures ,Nava Limited, Rippledot Capital
November 24, 2020Series C$1.0Million$140.0Million$17.1Million7.9xSpring
April 17, 2018Series B$3.9Million$41.5Million$5.7Million6.4x IvyCap Ventures, JSW Ventures, Blume Ventures, AET Fund, KA Enterprises, Dream Incubator , Nava Limited, Cosendo Technologies, IndigoEdge, Nbventures, Akatsuki
February 17, 2017Series B $2.4Million$35.7Million$3.3Million8.5xMountain Pine Capital, Suncoast Investments, IvyCap Ventures ,SunCoast Capital Group, JSW Group, Nava Limited, Nbventures
May 9, 2016Series B$6.0Million$24.9Million$4.3Million4.3x JSW Ventures, IvyCap Ventures, Kalpavriksh Fund, Brand Capital , Nava Limited
October 21, 2015Series A$1.9Million$24.0Million$3.2Million7.1xBlume 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, 2012Angel $222.0K$709.0K---

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