$viewFile = '/home/q6q2vhgk77o3/public_html/app/View/Layouts/site_default.ctp' $dataForView = array( 'data' => array( 'PressRelease' => array( 'id' => '4975', 'company_id' => '0', 'staff_user_id' => '1', 'admin_user_id' => '1', 'submitted_by' => 'admin', 'plan_id' => '1', 'title' => 'Purplle.com closed $140 Million Series D funding adding Premji Invest to Cap Table', 'slug' => '4702-purplle-com-closed-140-million-series-d-funding-adding-premji-invest-to-cap-table.html', 'summary' => '', 'body' => '<p>Purplle.com, one of India’s largest online beauty destinations, raises $65Mn, bringing Premji Invest to the cap table. This investment comes weeks after a $75Mn funding, led by Kedaara Capital, alongside Sequoia Capital India and Blume Ventures. 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We plan to rapidly scale our private brands business and continue to build differentiated beauty brands with entrepreneurs. We will leverage exclusive Indian and international brand partnerships and fast-track acquisitions. Investments in content and community will be a key focus. We have nurtured some of the sharpest minds and will continue to build talent. 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} #PressReleaseform .action-button { width: 100px; background: #27AE60; font-weight: bold; color: white; border: 0 none; border-radius: 1px; cursor: pointer; padding: 10px 5px; margin: 10px 5px; } #PressReleaseform .action-button:hover, #PressReleaseform .action-button:focus { box-shadow: 0 0 0 2px white, 0 0 0 3px #27AE60; } .primageslider{ border:none !important; } .lSSlideOuter .lSPager.lSGallery{ display:none !important; } img{margin:0 1% 0 1%;} </style> <div id="main-content" class="row single-post"> <div id="content" class="col-lg-12 content"> <div class="panel panel-default"> <div class="panel-body" style="width:100%;" > <div class="box"> <h1 class="box-title">Purplle.com closed $140 Million Series D funding adding Premji Invest to Cap Table</h1> <div class="row"> <div class="col-sm-6 company-dtails"> <div id="prev_company_name" class="ew-compnay float-left"> </div> <div class="ew-date-sm"> Posted On Tue, November 23, 2021, 5:00 PM </div> </div> <div class="full ew-pr-social margin-bottom20 col-sm-6"> <ul class='sharelinks'><li class='ew-date-sm'>Share this article </li><li class='ew-facebook'><a target='_blank' id='prev-facebook' rel='nofollow' href='https://www.facebook.com/sharer.php?u=https://www.easypresswire.com/release/4702-purplle-com-closed-140-million-series-d-funding-adding-premji-invest-to-cap-table.html'></a></li><li class='ew-linkedin'><a target='_blank' rel='nofollow' href='https://www.linkedin.com/shareArticle?mini=true&url=https://www.easypresswire.com/release/4702-purplle-com-closed-140-million-series-d-funding-adding-premji-invest-to-cap-table.html&title=Purplle.com closed $140 Million Series D funding adding Premji Invest to Cap Table&source=' title='Share to LinkedIn' ></a></li><li class='ew-twitter'><a target='_blank' href='https://twitter.com/share?text=Purplle.com closed $140 Million Series D funding adding Premji Invest to Cap Table&url=https://www.easypresswire.com/release/4702-purplle-com-closed-140-million-series-d-funding-adding-premji-invest-to-cap-table.html&via=easypresswire' onclick='window.open(this.href, 'targetWindow', 'toolbars=0,location=0,status=0,menubar=0,scrollbars=1,resizable=1,width=640,height=320,left=200,top=200'); 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'' : 'none');"><b>Warning</b> (2)</a>: getimagesize(): Filename cannot be empty [<b>APP/View/Helper/PostHelper.php</b>, line <b>318</b>]<div id="cakeErr62f54d031c11d-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr62f54d031c11d-code').style.display = (document.getElementById('cakeErr62f54d031c11d-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr62f54d031c11d-context').style.display = (document.getElementById('cakeErr62f54d031c11d-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr62f54d031c11d-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB">    </span><span style="color: #007700">public function </span><span style="color: #0000BB">resizeSliderThumb</span><span style="color: #007700">(</span><span style="color: #0000BB">$postid</span><span style="color: #007700">,</span><span style="color: #0000BB">$image_name</span><span style="color: #007700">,</span><span style="color: #0000BB">$imageUrl</span><span style="color: #007700">,</span><span style="color: #0000BB">$width</span><span style="color: #007700">=</span><span style="color: #DD0000">'255'</span><span style="color: #007700">,</span><span style="color: #0000BB">$height</span><span style="color: #007700">=</span><span style="color: #DD0000">"226"</span><span style="color: #007700">){</span></span></code> <code><span style="color: #000000"><span style="color: #0000BB">        $fileUrl</span><span style="color: #007700">=</span><span style="color: #0000BB">str_replace</span><span style="color: #007700">(</span><span style="color: #0000BB">SITEURL</span><span style="color: #007700">,</span><span style="color: #0000BB">WWW_ROOT</span><span style="color: #007700">, </span><span style="color: #0000BB">$imageUrl</span><span style="color: #007700">);</span></span></code> <span class="code-highlight"><code><span style="color: #000000"><span style="color: #0000BB">        </span><span style="color: #007700">list(</span><span style="color: #0000BB">$imageWidth</span><span style="color: #007700">, </span><span style="color: #0000BB">$imageHeight</span><span style="color: #007700">) = </span><span style="color: #0000BB">getimagesize</span><span style="color: #007700">(</span><span style="color: #0000BB">$fileUrl</span><span style="color: #007700">);</span></span></code></span></pre><pre id="cakeErr62f54d031c11d-context" class="cake-context" style="display: none;">$postid = '3991' $image_name = '61a9f479a844e.png' $imageUrl = '' $width = (int) 200 $height = (int) 200 $fileUrl = ''</pre><pre class="stack-trace">getimagesize - [internal], line ?? PostHelper::resizeSliderThumb() - APP/View/Helper/PostHelper.php, line 318 include - APP/View/Releases/release.ctp, line 90 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 119</pre></div></pre><pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr62f54d031c3bb-trace').style.display = (document.getElementById('cakeErr62f54d031c3bb-trace').style.display == 'none' ? '' : 'none');"><b>Warning</b> (2)</a>: getimagesize() [<a href='http://php.net/function.getimagesize'>function.getimagesize</a>]: Filename cannot be empty [<b>APP/View/Helper/PostHelper.php</b>, line <b>336</b>]<div id="cakeErr62f54d031c3bb-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr62f54d031c3bb-code').style.display = (document.getElementById('cakeErr62f54d031c3bb-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr62f54d031c3bb-context').style.display = (document.getElementById('cakeErr62f54d031c3bb-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr62f54d031c3bb-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB">    </span><span style="color: #007700">public function </span><span style="color: #0000BB">resizeSliderImage</span><span style="color: #007700">(</span><span style="color: #0000BB">$postid</span><span style="color: #007700">,</span><span style="color: #0000BB">$image_name</span><span style="color: #007700">,</span><span style="color: #0000BB">$imageUrl</span><span style="color: #007700">,</span><span style="color: #0000BB">$width</span><span style="color: #007700">=</span><span style="color: #DD0000">'255'</span><span style="color: #007700">,</span><span style="color: #0000BB">$height</span><span style="color: #007700">=</span><span style="color: #DD0000">""</span><span style="color: #007700">,</span><span style="color: #0000BB">$quality</span><span style="color: #007700">=</span><span style="color: #DD0000">'80'</span><span style="color: #007700">){</span></span></code> <code><span style="color: #000000"><span style="color: #0000BB">        $fileUrl</span><span style="color: #007700">=</span><span style="color: #0000BB">str_replace</span><span style="color: #007700">(</span><span style="color: #0000BB">SITEURL</span><span style="color: #007700">,</span><span style="color: #0000BB">WWW_ROOT</span><span style="color: #007700">, </span><span style="color: #0000BB">$imageUrl</span><span style="color: #007700">);</span></span></code> <span class="code-highlight"><code><span style="color: #000000"><span style="color: #0000BB">        </span><span style="color: #007700">list(</span><span style="color: #0000BB">$imageWidth</span><span style="color: #007700">, </span><span style="color: #0000BB">$imageHeight</span><span style="color: #007700">) = </span><span style="color: #0000BB">getimagesize</span><span style="color: #007700">(</span><span style="color: #0000BB">$fileUrl</span><span style="color: #007700">);</span></span></code></span></pre><pre id="cakeErr62f54d031c3bb-context" class="cake-context" style="display: none;">$postid = '3991' $image_name = '61a9f479a844e.png' $imageUrl = '' $width = (int) 1024 $height = '' $quality = '80' $fileUrl = ''</pre><pre class="stack-trace">getimagesize - [internal], line ?? PostHelper::resizeSliderImage() - APP/View/Helper/PostHelper.php, line 336 include - APP/View/Releases/release.ctp, line 91 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 119</pre></div></pre><a class='lightitem mainimg' data-sub-html='' data-thumb='' data-src=''><img title="" alt="" src="" class="3991"><p></p></a></div> </div> <a class="propensliderpop" href="javascript:void(0)" onclick="opensliderpop();"></a> </div> <p>Purplle.com, one of India’s largest online beauty destinations, raises $65Mn, bringing Premji Invest to the cap table. This investment comes weeks after a $75Mn funding, led by Kedaara Capital, alongside Sequoia Capital India and Blume Ventures. The infusion will accelerate the company’s growth to build a multibillion-dollar company from India.  </p> <p>Within the year, the company grew its brands to 1000+ with over 50,000 products across categories like make-up, skincare, haircare, personal care, fragrances, and grooming appliances. With a strong focus on new customer acquisition, the company grew its marketing investments by 2X to build brand Purplle. While doubling new customer acquisition, Purplle has very strong retention with 65-70% of revenue coming from returning users. Elite, Purplle’s loyalty programme, contributes to 25% of the platform’s revenue.</p> <p>Speaking on the investment, Manish Taneja, Co-founder, and CEO, Purplle.com, said, “We are very pleased to welcome Premji Invest to our cap table. The investment will leapfrog our efforts to offer women personalised beauty experiences, expand our wide range of innovative products, and drive penetration across the country. We plan to rapidly scale our private brands business and continue to build differentiated beauty brands with entrepreneurs. We will leverage exclusive Indian and international brand partnerships and fast-track acquisitions. Investments in content and community will be a key focus. We have nurtured some of the sharpest minds and will continue to build talent. With this strong year, we are well-positioned to build one of the largest beauty tech company from India.”</p> <p>Premji Invest supports the growth of India’s booming consumer, financials, technology, and manufacturing eco-system. Investments of Premji Invest are across sectors like consumer, financials, technology, and manufacturing and includes companies such as Fab India, ID foods, Lenskart, Policy Bazaar, Flipkart, First Cry, Best Value Chem and Shubham Housing.</p> <p>On investing in Purplle, Atul Gupta, Partner at Premji Invest, said, “Manish, Rahul and Suyash have built a very strong operating team with a customer-first approach. Democratising beauty will continue to be a dominant theme in India and customers today are looking for products that specifically cater to their skin and personal health and enhance their beauty. Purplle continues to build on that promise by integrating the requirements of the customer through careful analysis of customer usage data with unique and differentiated products and a great customer experience. We are excited about this partnership and look forward to working closely with the Purplle team”</p> <p>Technology has been a significant growth driver and Purplle will continue to invest aggressively in advancements. This, through building customised beauty profiles, virtual try-ons and recommendations through virtual beauty advisors, enabling personalisation of the online beauty journey.</p> <p>Since its launch in 2012, Purplle has built a community-led platform backed by great quality, affordable beauty products. It has grown its Gross Merchandising Value (GMV) by 6X in the last three years and is currently at Rs. 1200 Cr run rate.  Purplle plans to deliver 6-8X growth in the next 5 years.</p> <div class="row" id="youtube_podcast"> </div> <br> </p> <div id="keywords_section"> This press release is posted under categories <a target="_blank" style="text-decoration:none;color:#212529" href="https://www.easypresswire.com/category/india"><i><u>India</u></i></a>, <a target="_blank" style="text-decoration:none;color:#212529" href="https://www.easypresswire.com/category/business"><i><u>Business</u></i></a>, <a target="_blank" style="text-decoration:none;color:#212529" href="https://www.easypresswire.com/category/brands"><i><u>Brands</u></i></a>, <a target="_blank" style="text-decoration:none;color:#212529" href="https://www.easypresswire.com/category/lifestyle"><i><u>Lifestyle</u></i></a> </div> <div class="row" id="youtube_podcast">   </div> <div id="tags"> Tags: <a href='https://www.easypresswire.com/releases/tag/purplle'>Purplle</a><a href='https://www.easypresswire.com/releases/tag/funding'> Funding</a><a href='https://www.easypresswire.com/releases/tag/investment'> Investment</a><a href='https://www.easypresswire.com/releases/tag/'> </a> </div> <br/> <div class="full each_post_signuo_social row"> <div class="col-sm-12"> <div class="tnp tnp-subscription"> <form method="post" action="https://easypresswire.com/blog/?na=s" onsubmit="return newsletter_check(this)"> <input type="hidden" name="nlang" value=""> <div class="row"> <div class="col-sm-4" id="follow_section"> <div> <h3>Follow us on </h3> <nav class="social-navigation" role="navigation" aria-label="Footer Social Links Menu"> <div class="menu-social-menu-container"> <ul id="menu-social-menu" class="social-links-menu"> <li id="menu-item-153" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-153"> <a href="https://facebook.com/easypresswire/"> <i class="fab fa-facebook-f"></i> </a> </li> <li id="menu-item-154" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-154"> <a href="https://twitter.com/easypresswire"> <i class="fab fa-twitter"></i> </a> </li> <li id="menu-item-155" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-155"> <a href="https://www.instagram.com/easy_press_wire/"> <i class="fab fa-instagram"></i> </a> </li> <li id="menu-item-155" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-155"> <a href="https://www.youtube.com/channel/UCjX1o2ZnQASooYny2hqYCuQ"> <i class="fab fa-youtube"></i> </a> </li> </ul> </div> </nav> </div> </div> <div class="col-sm-8" id="signup_section"> <div class="tnp-field tnp-field-email"> <h3>Daily Updates</h3> <input class="tnp-email form-control" type="email" name="ne" required placeholder="Enter Email Address"> <input class="tnp-submit" type="submit" value="Subscribe" > </div> </div> </div> </form> </div> </div> </div> </div> </div> </div> </div> </div> <script src="https://cdnjs.cloudflare.com/ajax/libs/jquery-easing/1.4.1/jquery.easing.min.js"></script> <script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/lg-share/1.1.0/lg-share.min.js"></script> <script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/lg-zoom/1.1.0/lg-zoom.min.js" ></script> <script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/lg-video/1.2.2/lg-video.min.js"></script> <script type="text/javascript"> $(document).ready(function() { $('#imageGallery').lightSlider({ gallery:true, item:1, loop:false, thumbItem:9, slideMargin:0, enableDrag: false, currentPagerPosition:'left', adaptiveHeight: true, onSliderLoad: function(el) { el.lightGallery({ selector: '#imageGallery .lightitem', animateThumb: false, showThumbByDefault: false } ); 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This investment comes weeks after a $75Mn funding, led by Kedaara Capital, alongside Sequoia Capital India and Blume Ventures. The infusion will accelerate the company’s growth to build a multibillion-dollar company from India.  </p> <p>Within the year, the company grew its brands to 1000+ with over 50,000 products across categories like make-up, skincare, haircare, personal care, fragrances, and grooming appliances. With a strong focus on new customer acquisition, the company grew its marketing investments by 2X to build brand Purplle. While doubling new customer acquisition, Purplle has very strong retention with 65-70% of revenue coming from returning users. Elite, Purplle’s loyalty programme, contributes to 25% of the platform’s revenue.</p> <p>Speaking on the investment, Manish Taneja, Co-founder, and CEO, Purplle.com, said, “We are very pleased to welcome Premji Invest to our cap table. The investment will leapfrog our efforts to offer women personalised beauty experiences, expand our wide range of innovative products, and drive penetration across the country. We plan to rapidly scale our private brands business and continue to build differentiated beauty brands with entrepreneurs. We will leverage exclusive Indian and international brand partnerships and fast-track acquisitions. Investments in content and community will be a key focus. We have nurtured some of the sharpest minds and will continue to build talent. With this strong year, we are well-positioned to build one of the largest beauty tech company from India.”</p> <p>Premji Invest supports the growth of India’s booming consumer, financials, technology, and manufacturing eco-system. Investments of Premji Invest are across sectors like consumer, financials, technology, and manufacturing and includes companies such as Fab India, ID foods, Lenskart, Policy Bazaar, Flipkart, First Cry, Best Value Chem and Shubham Housing.</p> <p>On investing in Purplle, Atul Gupta, Partner at Premji Invest, said, “Manish, Rahul and Suyash have built a very strong operating team with a customer-first approach. Democratising beauty will continue to be a dominant theme in India and customers today are looking for products that specifically cater to their skin and personal health and enhance their beauty. 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} #PressReleaseform .action-button { width: 100px; background: #27AE60; font-weight: bold; color: white; border: 0 none; border-radius: 1px; cursor: pointer; padding: 10px 5px; margin: 10px 5px; } #PressReleaseform .action-button:hover, #PressReleaseform .action-button:focus { box-shadow: 0 0 0 2px white, 0 0 0 3px #27AE60; } .primageslider{ border:none !important; } .lSSlideOuter .lSPager.lSGallery{ display:none !important; } img{margin:0 1% 0 1%;} </style> <div id="main-content" class="row single-post"> <div id="content" class="col-lg-12 content"> <div class="panel panel-default"> <div class="panel-body" style="width:100%;" > <div class="box"> <h1 class="box-title">Purplle.com closed $140 Million Series D funding adding Premji Invest to Cap Table</h1> <div class="row"> <div class="col-sm-6 company-dtails"> <div id="prev_company_name" class="ew-compnay float-left"> </div> <div class="ew-date-sm"> Posted On Tue, November 23, 2021, 5:00 PM </div> </div> <div class="full ew-pr-social margin-bottom20 col-sm-6"> <ul class='sharelinks'><li class='ew-date-sm'>Share this article </li><li class='ew-facebook'><a target='_blank' id='prev-facebook' rel='nofollow' href='https://www.facebook.com/sharer.php?u=https://www.easypresswire.com/release/4702-purplle-com-closed-140-million-series-d-funding-adding-premji-invest-to-cap-table.html'></a></li><li class='ew-linkedin'><a target='_blank' rel='nofollow' href='https://www.linkedin.com/shareArticle?mini=true&url=https://www.easypresswire.com/release/4702-purplle-com-closed-140-million-series-d-funding-adding-premji-invest-to-cap-table.html&title=Purplle.com closed $140 Million Series D funding adding Premji Invest to Cap Table&source=' title='Share to LinkedIn' ></a></li><li class='ew-twitter'><a target='_blank' href='https://twitter.com/share?text=Purplle.com closed $140 Million Series D funding adding Premji Invest to Cap Table&url=https://www.easypresswire.com/release/4702-purplle-com-closed-140-million-series-d-funding-adding-premji-invest-to-cap-table.html&via=easypresswire' onclick='window.open(this.href, 'targetWindow', 'toolbars=0,location=0,status=0,menubar=0,scrollbars=1,resizable=1,width=640,height=320,left=200,top=200'); 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'' : 'none');"><b>Warning</b> (2)</a>: getimagesize(): Filename cannot be empty [<b>APP/View/Helper/PostHelper.php</b>, line <b>318</b>]<div id="cakeErr62f54d031c11d-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr62f54d031c11d-code').style.display = (document.getElementById('cakeErr62f54d031c11d-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr62f54d031c11d-context').style.display = (document.getElementById('cakeErr62f54d031c11d-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr62f54d031c11d-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB">    </span><span style="color: #007700">public function </span><span style="color: #0000BB">resizeSliderThumb</span><span style="color: #007700">(</span><span style="color: #0000BB">$postid</span><span style="color: #007700">,</span><span style="color: #0000BB">$image_name</span><span style="color: #007700">,</span><span style="color: #0000BB">$imageUrl</span><span style="color: #007700">,</span><span style="color: #0000BB">$width</span><span style="color: #007700">=</span><span style="color: #DD0000">'255'</span><span style="color: #007700">,</span><span style="color: #0000BB">$height</span><span style="color: #007700">=</span><span style="color: #DD0000">"226"</span><span style="color: #007700">){</span></span></code> <code><span style="color: #000000"><span style="color: #0000BB">        $fileUrl</span><span style="color: #007700">=</span><span style="color: #0000BB">str_replace</span><span style="color: #007700">(</span><span style="color: #0000BB">SITEURL</span><span style="color: #007700">,</span><span style="color: #0000BB">WWW_ROOT</span><span style="color: #007700">, </span><span style="color: #0000BB">$imageUrl</span><span style="color: #007700">);</span></span></code> <span class="code-highlight"><code><span style="color: #000000"><span style="color: #0000BB">        </span><span style="color: #007700">list(</span><span style="color: #0000BB">$imageWidth</span><span style="color: #007700">, </span><span style="color: #0000BB">$imageHeight</span><span style="color: #007700">) = </span><span style="color: #0000BB">getimagesize</span><span style="color: #007700">(</span><span style="color: #0000BB">$fileUrl</span><span style="color: #007700">);</span></span></code></span></pre><pre id="cakeErr62f54d031c11d-context" class="cake-context" style="display: none;">$postid = '3991' $image_name = '61a9f479a844e.png' $imageUrl = '' $width = (int) 200 $height = (int) 200 $fileUrl = ''</pre><pre class="stack-trace">getimagesize - [internal], line ?? PostHelper::resizeSliderThumb() - APP/View/Helper/PostHelper.php, line 318 include - APP/View/Releases/release.ctp, line 90 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 119</pre></div></pre><pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr62f54d031c3bb-trace').style.display = (document.getElementById('cakeErr62f54d031c3bb-trace').style.display == 'none' ? '' : 'none');"><b>Warning</b> (2)</a>: getimagesize() [<a href='http://php.net/function.getimagesize'>function.getimagesize</a>]: Filename cannot be empty [<b>APP/View/Helper/PostHelper.php</b>, line <b>336</b>]<div id="cakeErr62f54d031c3bb-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr62f54d031c3bb-code').style.display = (document.getElementById('cakeErr62f54d031c3bb-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr62f54d031c3bb-context').style.display = (document.getElementById('cakeErr62f54d031c3bb-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr62f54d031c3bb-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB">    </span><span style="color: #007700">public function </span><span style="color: #0000BB">resizeSliderImage</span><span style="color: #007700">(</span><span style="color: #0000BB">$postid</span><span style="color: #007700">,</span><span style="color: #0000BB">$image_name</span><span style="color: #007700">,</span><span style="color: #0000BB">$imageUrl</span><span style="color: #007700">,</span><span style="color: #0000BB">$width</span><span style="color: #007700">=</span><span style="color: #DD0000">'255'</span><span style="color: #007700">,</span><span style="color: #0000BB">$height</span><span style="color: #007700">=</span><span style="color: #DD0000">""</span><span style="color: #007700">,</span><span style="color: #0000BB">$quality</span><span style="color: #007700">=</span><span style="color: #DD0000">'80'</span><span style="color: #007700">){</span></span></code> <code><span style="color: #000000"><span style="color: #0000BB">        $fileUrl</span><span style="color: #007700">=</span><span style="color: #0000BB">str_replace</span><span style="color: #007700">(</span><span style="color: #0000BB">SITEURL</span><span style="color: #007700">,</span><span style="color: #0000BB">WWW_ROOT</span><span style="color: #007700">, </span><span style="color: #0000BB">$imageUrl</span><span style="color: #007700">);</span></span></code> <span class="code-highlight"><code><span style="color: #000000"><span style="color: #0000BB">        </span><span style="color: #007700">list(</span><span style="color: #0000BB">$imageWidth</span><span style="color: #007700">, </span><span style="color: #0000BB">$imageHeight</span><span style="color: #007700">) = </span><span style="color: #0000BB">getimagesize</span><span style="color: #007700">(</span><span style="color: #0000BB">$fileUrl</span><span style="color: #007700">);</span></span></code></span></pre><pre id="cakeErr62f54d031c3bb-context" class="cake-context" style="display: none;">$postid = '3991' $image_name = '61a9f479a844e.png' $imageUrl = '' $width = (int) 1024 $height = '' $quality = '80' $fileUrl = ''</pre><pre class="stack-trace">getimagesize - [internal], line ?? PostHelper::resizeSliderImage() - APP/View/Helper/PostHelper.php, line 336 include - APP/View/Releases/release.ctp, line 91 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 119</pre></div></pre><a class='lightitem mainimg' data-sub-html='' data-thumb='' data-src=''><img title="" alt="" src="" class="3991"><p></p></a></div> </div> <a class="propensliderpop" href="javascript:void(0)" onclick="opensliderpop();"></a> </div> <p>Purplle.com, one of India’s largest online beauty destinations, raises $65Mn, bringing Premji Invest to the cap table. This investment comes weeks after a $75Mn funding, led by Kedaara Capital, alongside Sequoia Capital India and Blume Ventures. The infusion will accelerate the company’s growth to build a multibillion-dollar company from India.  </p> <p>Within the year, the company grew its brands to 1000+ with over 50,000 products across categories like make-up, skincare, haircare, personal care, fragrances, and grooming appliances. With a strong focus on new customer acquisition, the company grew its marketing investments by 2X to build brand Purplle. While doubling new customer acquisition, Purplle has very strong retention with 65-70% of revenue coming from returning users. Elite, Purplle’s loyalty programme, contributes to 25% of the platform’s revenue.</p> <p>Speaking on the investment, Manish Taneja, Co-founder, and CEO, Purplle.com, said, “We are very pleased to welcome Premji Invest to our cap table. The investment will leapfrog our efforts to offer women personalised beauty experiences, expand our wide range of innovative products, and drive penetration across the country. We plan to rapidly scale our private brands business and continue to build differentiated beauty brands with entrepreneurs. We will leverage exclusive Indian and international brand partnerships and fast-track acquisitions. Investments in content and community will be a key focus. We have nurtured some of the sharpest minds and will continue to build talent. With this strong year, we are well-positioned to build one of the largest beauty tech company from India.”</p> <p>Premji Invest supports the growth of India’s booming consumer, financials, technology, and manufacturing eco-system. Investments of Premji Invest are across sectors like consumer, financials, technology, and manufacturing and includes companies such as Fab India, ID foods, Lenskart, Policy Bazaar, Flipkart, First Cry, Best Value Chem and Shubham Housing.</p> <p>On investing in Purplle, Atul Gupta, Partner at Premji Invest, said, “Manish, Rahul and Suyash have built a very strong operating team with a customer-first approach. Democratising beauty will continue to be a dominant theme in India and customers today are looking for products that specifically cater to their skin and personal health and enhance their beauty. Purplle continues to build on that promise by integrating the requirements of the customer through careful analysis of customer usage data with unique and differentiated products and a great customer experience. We are excited about this partnership and look forward to working closely with the Purplle team”</p> <p>Technology has been a significant growth driver and Purplle will continue to invest aggressively in advancements. This, through building customised beauty profiles, virtual try-ons and recommendations through virtual beauty advisors, enabling personalisation of the online beauty journey.</p> <p>Since its launch in 2012, Purplle has built a community-led platform backed by great quality, affordable beauty products. It has grown its Gross Merchandising Value (GMV) by 6X in the last three years and is currently at Rs. 1200 Cr run rate.  Purplle plans to deliver 6-8X growth in the next 5 years.</p> <div class="row" id="youtube_podcast"> </div> <br> </p> <div id="keywords_section"> This press release is posted under categories <a target="_blank" style="text-decoration:none;color:#212529" href="https://www.easypresswire.com/category/india"><i><u>India</u></i></a>, <a target="_blank" style="text-decoration:none;color:#212529" href="https://www.easypresswire.com/category/business"><i><u>Business</u></i></a>, <a target="_blank" style="text-decoration:none;color:#212529" href="https://www.easypresswire.com/category/brands"><i><u>Brands</u></i></a>, <a target="_blank" style="text-decoration:none;color:#212529" href="https://www.easypresswire.com/category/lifestyle"><i><u>Lifestyle</u></i></a> </div> <div class="row" id="youtube_podcast">   </div> <div id="tags"> Tags: <a href='https://www.easypresswire.com/releases/tag/purplle'>Purplle</a><a href='https://www.easypresswire.com/releases/tag/funding'> Funding</a><a href='https://www.easypresswire.com/releases/tag/investment'> Investment</a><a href='https://www.easypresswire.com/releases/tag/'> </a> </div> <br/> <div class="full each_post_signuo_social row"> <div class="col-sm-12"> <div class="tnp tnp-subscription"> <form method="post" action="https://easypresswire.com/blog/?na=s" onsubmit="return newsletter_check(this)"> <input type="hidden" name="nlang" value=""> <div class="row"> <div class="col-sm-4" id="follow_section"> <div> <h3>Follow us on </h3> <nav class="social-navigation" role="navigation" aria-label="Footer Social Links Menu"> <div class="menu-social-menu-container"> <ul id="menu-social-menu" class="social-links-menu"> <li id="menu-item-153" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-153"> <a href="https://facebook.com/easypresswire/"> <i class="fab fa-facebook-f"></i> </a> </li> <li id="menu-item-154" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-154"> <a href="https://twitter.com/easypresswire"> <i class="fab fa-twitter"></i> </a> </li> <li id="menu-item-155" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-155"> <a href="https://www.instagram.com/easy_press_wire/"> <i class="fab fa-instagram"></i> </a> </li> <li id="menu-item-155" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-155"> <a href="https://www.youtube.com/channel/UCjX1o2ZnQASooYny2hqYCuQ"> <i class="fab fa-youtube"></i> </a> </li> </ul> </div> </nav> </div> </div> <div class="col-sm-8" id="signup_section"> <div class="tnp-field tnp-field-email"> <h3>Daily Updates</h3> <input class="tnp-email form-control" type="email" name="ne" required placeholder="Enter Email Address"> <input class="tnp-submit" type="submit" value="Subscribe" > </div> </div> </div> </form> </div> </div> </div> </div> </div> </div> </div> </div> <script src="https://cdnjs.cloudflare.com/ajax/libs/jquery-easing/1.4.1/jquery.easing.min.js"></script> <script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/lg-share/1.1.0/lg-share.min.js"></script> <script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/lg-zoom/1.1.0/lg-zoom.min.js" ></script> <script type="text/javascript" src="https://cdnjs.cloudflare.com/ajax/libs/lg-video/1.2.2/lg-video.min.js"></script> <script type="text/javascript"> $(document).ready(function() { $('#imageGallery').lightSlider({ gallery:true, item:1, loop:false, thumbItem:9, slideMargin:0, enableDrag: false, currentPagerPosition:'left', adaptiveHeight: true, onSliderLoad: function(el) { el.lightGallery({ selector: '#imageGallery .lightitem', animateThumb: false, showThumbByDefault: false } ); } }); }); /* $('#primgslider').owlCarousel({ loop:false, margin:0, nav:true, items:1, autoplay:true, autoHeight:true, autoplayTimeout:2000, autoplayHoverPause:true }); */ </script> <script type="text/javascript"> $('#yvideoslider, #poadcastslider').owlCarousel({ loop:false, margin:0, nav:true, items:1, autoplay:false, autoplayHoverPause:true }); </script> <style> #tags a{ text-decoration:none; color:#000; background: #dfdfdf; display: inline-block; padding: 5px 10px; font-size: 15px; margin: 0 2px 5px 2px; } #tags a:hover{ text-decoration:none; color:#fff; background: grey; display: inline-block; padding: 5px 10px; font-size: 15px; margin: 0 2px 5px 2px; } .ew-pr-social{padding-right:4% !important;} </style>' $scripts_for_layout = '' $uId = '0' $staff_role_id = '0' $registerfrom = 'backend' $title = 'Purplle.com closed $140 Million Series D funding adding Premji Invest to Cap Table' $singleImageUrl = 'https://www.easypresswire.com/files/company/press_image/2021/12/03/61a9f479a844e.png' $image_path = '2021/12/03' $image_name = '61a9f479a844e.png' $meta_des = '' $meta_kywrd = '' $meta_title = 'Purplle.com closed $140 Million Series D funding adding Premji Invest to Cap Table' $imageUrl = 'https://www.easypresswire.com/files/company/press_image/2021/12/03/61a9f479a844e.png' $bodyClass = '4702-purplle-com-closed-140-million-series-d-funding-adding-premji-invest-to-cap-table.html'

include - APP/View/Layouts/site_default.ctp, line 229 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::renderLayout() - CORE/Cake/View/View.php, line 546 View::render() - CORE/Cake/View/View.php, line 481 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 119

Purplle.com closed $140 Million Series D funding adding Premji Invest to Cap Table

Posted On Tue, November 23, 2021, 5:00 PM

Warning (2): getimagesize(): Filename cannot be empty [APP/View/Helper/PostHelper.php, line 318]Code Context    public function resizeSliderThumb($postid,$image_name,$imageUrl,$width='255',$height="226"){
        $fileUrl=str_replace(SITEURL,WWW_ROOT, $imageUrl);
        list($imageWidth, $imageHeight) = getimagesize($fileUrl);
$postid = '3991'
$image_name = '61a9f479a844e.png'
$imageUrl = ''
$width = (int) 200
$height = (int) 200
$fileUrl = ''
getimagesize - [internal], line ??
PostHelper::resizeSliderThumb() - APP/View/Helper/PostHelper.php, line 318
include - APP/View/Releases/release.ctp, line 90
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 119

Warning (2): getimagesize() [<a href='http://php.net/function.getimagesize'>function.getimagesize</a>]: Filename cannot be empty [APP/View/Helper/PostHelper.php, line 336]Code Context    public function resizeSliderImage($postid,$image_name,$imageUrl,$width='255',$height="",$quality='80'){
        $fileUrl=str_replace(SITEURL,WWW_ROOT, $imageUrl);
        list($imageWidth, $imageHeight) = getimagesize($fileUrl);
$postid = '3991'
$image_name = '61a9f479a844e.png'
$imageUrl = ''
$width = (int) 1024
$height = ''
$quality = '80'
$fileUrl = ''
getimagesize - [internal], line ??
PostHelper::resizeSliderImage() - APP/View/Helper/PostHelper.php, line 336
include - APP/View/Releases/release.ctp, line 91
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 119

Purplle.com, one of India’s largest online beauty destinations, raises $65Mn, bringing Premji Invest to the cap table. This investment comes weeks after a $75Mn funding, led by Kedaara Capital, alongside Sequoia Capital India and Blume Ventures. The infusion will accelerate the company’s growth to build a multibillion-dollar company from India.

Within the year, the company grew its brands to 1000+ with over 50,000 products across categories like make-up, skincare, haircare, personal care, fragrances, and grooming appliances. With a strong focus on new customer acquisition, the company grew its marketing investments by 2X to build brand Purplle. While doubling new customer acquisition, Purplle has very strong retention with 65-70% of revenue coming from returning users. Elite, Purplle’s loyalty programme, contributes to 25% of the platform’s revenue.

Speaking on the investment, Manish Taneja, Co-founder, and CEO, Purplle.com, said, “We are very pleased to welcome Premji Invest to our cap table. The investment will leapfrog our efforts to offer women personalised beauty experiences, expand our wide range of innovative products, and drive penetration across the country. We plan to rapidly scale our private brands business and continue to build differentiated beauty brands with entrepreneurs. We will leverage exclusive Indian and international brand partnerships and fast-track acquisitions. Investments in content and community will be a key focus. We have nurtured some of the sharpest minds and will continue to build talent. With this strong year, we are well-positioned to build one of the largest beauty tech company from India.”

Premji Invest supports the growth of India’s booming consumer, financials, technology, and manufacturing eco-system. Investments of Premji Invest are across sectors like consumer, financials, technology, and manufacturing and includes companies such as Fab India, ID foods, Lenskart, Policy Bazaar, Flipkart, First Cry, Best Value Chem and Shubham Housing.

On investing in Purplle, Atul Gupta, Partner at Premji Invest, said, “Manish, Rahul and Suyash have built a very strong operating team with a customer-first approach. Democratising beauty will continue to be a dominant theme in India and customers today are looking for products that specifically cater to their skin and personal health and enhance their beauty. Purplle continues to build on that promise by integrating the requirements of the customer through careful analysis of customer usage data with unique and differentiated products and a great customer experience. We are excited about this partnership and look forward to working closely with the Purplle team”

Technology has been a significant growth driver and Purplle will continue to invest aggressively in advancements. This, through building customised beauty profiles, virtual try-ons and recommendations through virtual beauty advisors, enabling personalisation of the online beauty journey.

Since its launch in 2012, Purplle has built a community-led platform backed by great quality, affordable beauty products. It has grown its Gross Merchandising Value (GMV) by 6X in the last three years and is currently at Rs. 1200 Cr run rate. Purplle plans to deliver 6-8X growth in the next 5 years.

This press release is posted under categories India, Business, Brands, Lifestyle