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omnichannel beauty players: Funds make a beeline for beauty platforms; Purplle raises $100 million

ADIA leads a $100-million financing round in Mumbai-based beauty retailer Purplle at a valuation of $1.2-1.3 billion. Creaegis, a PE fund, is expected to join the funding round. MCaffeine, a caffeine-based skincare and haircare brand, is also in the middle of a fundraise process and exploring strategic investors. The funding would be in MCaffeines parent firm PepTechnologies, which houses skincare brand Hyphen, along with recent fundraise by Foxtale and Traya.

IPOs: How investors struck gold in the new-age IPO boom

In the last month, several new-age companies backed by venture capital, have or are set to hit the public markets. This has resulted in a gold rush for their investors. Travel tech platform Ixigo is set to go public next week, while insurtech firm Go Digit and coworking startup Awfis have already listed on the exchanges in the past one month. Their investors, including Peak XV Partners, Elevation Capital, ChrysCapital and TVS Capital and A91 Partners, are sitting on multiple returns from some of these investments.

Premium Cosmetics Market size is set to grow by USD 66.99 billion from 2024-2028, Increased demand for premium skincare products boost the market, Technavio

/PRNewswire/ The global premium cosmetics market size is estimated to grow by USD 66.99 billion from 2024-2028, according to Technavio. The market is.

Challenging its 100-year legacy, Lux's body wash ad disses soaps

Adaptability in Action: Day 2 highlights from Goafest 2024