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.
Purplle acquires Indian arm of makeup brand Faces Canada yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Purplle raises $75 million funding led by Kedaara, Sequoia Capital, Blume Ventures Online beauty store Purplle said it has raised $75 million in funding led by Kedaara, Sequoia Capital India and Blume Ventures. This fundraising comes six months after it raised $45 million from Sequoia Capital India and existing investors Verlinvest, Blume Ventures, and JSW
Zomato may invest another $500M in Grofers; Sebi wants more transparency in IPO ads Zomato, which has twice tested and aborted its own grocery delivery service since the start of the pandemic, is now in talks to invest up to half a billion dollars in Grofers as it looks to compete with Swiggy's
Big-ticket investments on horizon for companies that have emerged stronger after Covid. Indian startup sector witnesses a resurgence in big-ticket deals of $100 million or more. Firms like Lenskart and Purplle are in talks for significant investments, while companies like HealthKart and Rapido negotiate fresh funding rounds.