Funding round
Purplle Series F
Purplle, which works in beauty and cosmetic product retail in Mumbai, raised $180M in a Series F round announced on 14 Oct 2024, led by Abu Dhabi Investment Authority, at a $1.20B post-money valuation. 4 firms took part, 3 of them already investors. It is Purplle's eighth venture round on record; the one before was a Growth in Jul 2024.
$180M
Amount raised
$1.20B
Post-money valuation
4
Investors
1 lead
1.0x
Step-up from the Growth
$1.25B in Jul 2024
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Purplle at $1.20B after the new money, 1.0 times the $1.25B of its Growth (Jul 2024). The $180M bought investors about 15% of the company. It came 3 months after Purplle's Growth. It is 40% of the $450M Purplle has raised in the venture rounds on record. No later venture round is on record for Purplle.
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 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 this round 14 Oct 2024, led by Abu Dhabi Investment Authority $180M$1.20B post-money
Investors
Who put money in
Abu Dhabi Investment Authority led the round with 3 other firms. Premji Invest, Blume Ventures and Sharrp Ventures had backed Purplle before.
Lead investor
- Abu Dhabi Investment Authority backs 19 venture-backed companies new investor
Also in the round
- Premji Invest backs 50 venture-backed companies existing investor
- backs 117 venture-backed companies existing investor
- backs 14 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Form Energy Batteries | 9 Oct 2024 | $405M | not disclosed | T. Rowe Price |
| SuperTask AI Software Development Services | 6 Oct 2024 | $267M | not disclosed | Accel |
| Zepz Money Transfer | 6 Oct 2024 | $267M | not disclosed | Accel |
| Maven Clinic Health Care Services | 8 Oct 2024 | $125M | $1.70B | StepStone Group |
| Gojo Loans & Financing | 24 Oct 2024 | $122M | not disclosed | not named |
| Tech Companies | 10 Oct 2024 | $100M | not disclosed | Georgian |
| Sports & Leisure - Clubs, Fields & Pitches | 10 Oct 2024 | $100M | not disclosed | not named |
| Alan Insurance - Agents, Carriers & Brokers | 23 Sep 2024 | $193M | $4.50B | Belfius |
Sources
Where this comes from
Reported by 5 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 F round?
Purplle raised $180M in its Series F round, announced in Oct 2024.
Who led Purplle's Series F round?
Abu Dhabi Investment Authority led it, with Premji Invest, Blume Ventures and Sharrp Ventures.
What was Purplle's valuation at the Series F round?
$1.20B post-money.