Funding round
Purplle Series B
Purplle, which works in beauty and cosmetic product retail in Mumbai, raised $6.0M in a Series B round announced on 11 Jul 2016, led by JSW Ventures. 3 firms took part, 2 of them already investors. It is Purplle's third venture round on record; the one before was a Series A in Jan 2015.
$6.0M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Purplle did not disclose a valuation in this round. It came 18 months after Purplle's Series A. It is 1.3% of the $450M Purplle has raised in the venture rounds on record. Purplle raised again 41 months later: a Series C round of $30M in Dec 2019. Its next priced round, a Series D in Oct 2021, valued it at $630M.
Purplle's funding rounds
Purplle has 8 venture rounds on record. This one is highlighted.
- Seed 1 Aug 2013 $604K
- Series A 7 Jan 2015 $5.0M
- Series B this round 11 Jul 2016, led by JSW Ventures $6.0M
- Series C 13 Dec 2019, led by Goldman Sachs $30M
- Series D 29 Oct 2021, led by Kedaara $75M$630M post-money
- Series E 10 Jun 2022, led by Paramark Ventures $33M$1.10B post-money
- Growth 1 Jul 2024, led by Abu Dhabi Investment Authority $120M$1.25B post-money
- Series F 14 Oct 2024, led by Abu Dhabi Investment Authority $180M$1.20B post-money
Investors
Who put money in
JSW Ventures led the round with 2 other firms. Blume Ventures and IvyCap Ventures had backed Purplle before.
Lead investor
- backs 9 venture-backed companies new investor
Also in the round
- backs 117 venture-backed companies existing investor
- backs 42 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
The closest in time: 2 in Cosmetics Stores, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cosmetics Stores | 1 Dec 2016 | $24M | not disclosed | Institutional Venture Partners |
| Cosmetics Stores | 14 Sep 2015 | $111M | $800M | not named |
| Tech Companies | 26 Jul 2016 | $55M | not disclosed | Greycroft |
| Tech Companies | 20 Jul 2016 | $42M | not disclosed | not named |
| RefleXion Medical Supply Manufacturers | 19 Jul 2016 | $37M | not disclosed | not named |
| Tech Companies | 19 Jul 2016 | $30M | not disclosed | Founders Fund |
| Tech Companies | 13 Jul 2016 | $25M | not disclosed | Jump Capital |
| Tech Companies | 28 Jul 2016 | $22M | not disclosed | New Enterprise Associates |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Purplle raise in its Series B round?
Purplle raised $6.0M in its Series B round, announced in Jul 2016.
Who led Purplle's Series B round?
JSW Ventures led it, with Blume Ventures and IvyCap Ventures.
What was Purplle's valuation at the Series B round?
It was not disclosed.
Did Purplle raise again after this round?
Yes: a Series C round in Dec 2019 of $30M.