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purplle: Ranjan Pai-led Manipal Group invests in online beauty products retailer Purplle

In May, ET had reported that JSW Ventures had partially sold its stake in Purplle to Abu Dhabi Investment Authority (ADIA). At the time, the startup closed a $40-50 million funding round, split between primary and secondary transactions, at a flat valuation of $1.1 billion. ....

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JSW Ventures sells part of its holding in e-commerce firm Purplle to Abu Dhabi Investment Authority

The company, however, did not disclose any financial details of the transaction. In a statement, JSW Ventures said following this transaction, JSW Ventures has returned 2x of the Fund I corpus to their investors. ....

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