Friday, May 3

Tag: Purpelle

News of the Day: Funding News Of The Week (18th-23rd June)
FUNDING

News of the Day: Funding News Of The Week (18th-23rd June)

This week was quite eventful in terms of funding activities. Few of the well-known firms raised a substantial amount of funds from different investors. So, here you can have a glimpse of the major funding activities that took place this week starting from 18th June 2018 to 23rd June 2018. The recap of funding for the week is as follows: 1) Swiggy Food Delivery Platform Swiggy sealed its much awaited $210 million funding with Russian billionaire Yuri Milner’s’ DST Global thereby finally making entry into the prestigious “Unicorn” club. The total capital of the company crossed $466 million followed by this round. Swiggy will be using the freshly raised capital in revamping its supply chain network and expanding to new markets. With an expected market valuation of $1.2 billion, ...
Beauty Retailer Purpelle Raises $2.56 Million Funding
FUNDING

Beauty Retailer Purpelle Raises $2.56 Million Funding

The beauty products and services marketplace Purpelle has reportedly raised fresh funds amounting to Rs 17.5 crores ($2.56 million) from a group of investors. According to the sources, the funding was secured in a number of tranches and was led by an unidentified London-based investment fund. The companies that participated in the funding round were Patrick Chong Fook Seng (founder of Luxasia Group), a Singapore-headquartered omni-channel retailer of beauty products, and existing investor JSW Ventures (venture capital arm of ‎the JSW Group). The valuation of the company after the funding round has reached roughly around Rs 240-245 crore ($35-36 million). Purpelle has raised funds basically for the expansion of its business operations and to improve the customer base. Purpelle is a...