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Purplle Secured Funding of INR 1,000 Cr and Launches ESOP

1 July, 20243 min read

Purplle has secured a substantial funding boost of INR 1,000 crore from Abu Dhabi Investment Authority (ADIA) and other investors.

This round of funding, which included both primary and secondary share sales, marks a significant milestone in Purplle's growth journey.


The company, however, has not disclosed the names of the other participating investors.

Significant Funding Round

The funding round in which Purplle secured funding of INR 1,000 Cr is a mixed round which include both primary and secondary share sales.

Primary share sales involve the issuance of new shares to investors, which brings fresh capital into the company.

Secondary share sales, on the other hand, involve existing shareholders selling their shares to new investors. This dual approach in the funding round demonstrates investor confidence in Purplle's business model and growth prospects.

ESOP Liquidity Programme

In addition to the funding round, Purplle has launched an Employee Stock Ownership Plan (ESOP) liquidity programme.

This programme offers liquidity worth INR 50 crore to its employees, enabling them to sell their vested ESOPs.

This move not only rewards the employees for their contributions but also aligns their interests with the company's growth and success.


The Founders' Vision

Founded in 2012 by Manish Taneja and Rahul Dash, Purplle has steadily grown to become a major player in the beauty and personal care industry.

The company's mission is to democratize beauty and make high-quality products accessible to everyone.

Purplle made  its separate identity in competitive e-commerce market with a wide range of beauty products.

Expanding Product Range

Purplle's product portfolio includes skincare, haircare, and makeup products, along with beauty appliances.

By partnering with various brands and also promoting its in-house brands, Purplle offers a diverse range of products to cater to different customer needs.

This extensive product range has helped Purplle attract a large and loyal customer base.

Focus on Technology and Innovation

Technology and innovation are at the core of Purplle's operations.

The company leverages advanced technology to enhance customer experience, from personalized recommendations to seamless shopping.

Purplle's user-friendly interface and innovative features set it apart from competitors, ensuring a superior shopping experience for its customers.

Strategic Growth and Future Plans

With the new funding, Purplle aims to accelerate its growth and expand its market presence.

The company plans to invest in technology, enhance its product offerings, and strengthen its supply chain.

Additionally, Purplle aims to explore new markets and reach a wider audience, further solidifying its position in the beauty and personal care industry.

Final Thoughts

In conclusion, Purplle secured funding of INR 1,000 Cr from ADIA and other investors underscores its growth potential.

The company's commitment to innovation, customer satisfaction, and employee welfare sets it on a path of sustained success.

With ambitious plans for the future, Purplle is poised to make a significant impact in the beauty and personal care market. Purplle's journey from a startup to a leading beauty platform is inspiring.

The recent funding round and ESOP liquidity programme highlight the company's dedication to growth and its employees.

As Purplle continues to expand and innovate, it remains a key player to watch in the e-commerce landscape.

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