Funding round
Purplle Series D
Purplle, which works in beauty and cosmetic product retail in Mumbai, raised $75M in a Series D round announced on 29 Oct 2021, led by Kedaara, at a $630M post-money valuation. 4 firms took part. It is Purplle's fifth venture round on record; the one before was a Series C in Dec 2019.
$75M
Amount raised
$630M
Post-money valuation
$555M pre-money
4
Investors
1 lead
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Purplle at $630M after the new money. The $75M bought investors about 12% of the company. It came 22 months after Purplle's Series C. It is 17% of the $450M Purplle has raised in the venture rounds on record. Purplle raised again 8 months later: a Series E round of $33M in Jun 2022, at $1.10B post-money.
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 11 Jul 2016, led by JSW Ventures $6.0M
- Series C 13 Dec 2019, led by Goldman Sachs $30M
- Series D this round 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
Kedaara led the round with 3 other firms.
Lead investor
- backs 3 venture-backed companies new investor
Also in the round
- Sequoia Capital India new investor
- backs 117 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Devoted Health Insurance - Agents, Carriers & Brokers | 8 Oct 2021 | $1.20B | $12.70B | not named |
| Thrasio Online Marketplace | 25 Oct 2021 | $1.00B | not disclosed | Silver Lake and Advent International |
| Deel Software Development Services | 18 Oct 2021 | $425M | $5.50B | Coatue |
| Bolt Payment Processing & Point of Sale | 13 Oct 2021 | $393M | $6.00B | not named |
| Dutchie Tech Companies | 14 Oct 2021 | $350M | $3.75B | D1 Capital Partners |
| Medable Tech Companies | 27 Oct 2021 | $304M | $2.10B | Blackstone and Tiger Global |
| Insurance - Agents, Carriers & Brokers | 27 Oct 2021 | $255M | $1.10B | General Atlantic and Multiples |
| Tekion Tech Companies | 5 Oct 2021 | $250M | $3.50B | Alkeon and Durable Capital Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Purplle raise in its Series D round?
Purplle raised $75M in its Series D round, announced in Oct 2021.
Who led Purplle's Series D round?
Kedaara led it, with Sequoia Capital India, Blume Ventures and Sequoia Capital.
What was Purplle's valuation at the Series D round?
$630M post-money ($555M pre-money).
Did Purplle raise again after this round?
Yes: a Series E round in Jun 2022 of $33M at $1.10B post-money.