Speaking on the investment Manish Taneja, Co-Founder and CEO at Purplle said, “It is our mission to democratise beauty and make it accessible to all, and while we have reached many beauty enthusiasts across India, we still have a long way to go"
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The company’s valuation has surged by 60 per cent from its previous round in December 2022, where it was valued at approximately Rs 850 crore (USD 100 million)
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With this funding infusion, the brand aspires for rapid offline growth, the company aims to open 200 stores nationwide by 2026, as per media reports
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