Online cosmetics retailer Purplle raised capital at a $1.1 billion valuation, becoming the second billion-dollar company to be created in India this week despite souring investor sentiment on startups.
Sanjay Nayar, a KKR Co. adviser in India, is setting up his own venture fund targeting early-stage startups at a time when some of the country’s most-celebrated tech firms are suffering from tanking valuations.
“A lot of beauty is sold offline and Nykka has become such a big brand that we cannot ignore our offline channel as well as offline consumers,” she said.
“A lot of beauty is sold offline and Nykka has become such a big brand that we cannot ignore our offline channel as well as offline consumers,” she said.
“A lot of beauty is sold offline and Nykka has become such a big brand that we cannot ignore our offline channel as well as offline consumers,” she said.