Sequoia India joins $45m round of Indian beauty e-tailer Purplle

India’s online beauty platform Purplle said it has raised US$45 million in investment.

More funding details

• New investor: Sequoia Capital India
• Returning investors: Verlinvest, Blume Ventures, and JSW Ventures.

More company updates

• The capital injection will further help Purplle achieve an 8x to 10x growth within the next four to five years.
• The company claims it has reached 7 million monthly active users and has nearly 50,000 products on its website and app.
• With over 800 employees, the beauty e-tailer also claims it is growing at a rate of more than 90% year on year.
• The latest round comes after the startup raised US$30 million in series C funding from Goldman Sachs and Verlinvest at the end of 2019.

For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.