As per media reports, Purplle.com (Purplle), an online beauty and personal care platform, has raised a $30 million round led by the global investment bank Goldman Sachs. The existing investors IvyCap Ventures, Blume Ventures and JSW Ventures are also reported to have participated in the round.
Purplle has seen a commendable turnaround in the last 4-5 years and the raised funds from a giant like Goldman Sachs could go a long way in providing the requisite momentum.
Purplle is claimed to be have been focusing significantly on growth without compromising on profitability and capital efficiency. This indeed is a rare combination in today’s world !
We wish Purplle all the success.