News > Nykaa competitor Purplle is the latest unicorn

Nykaa competitor Purplle is the latest unicorn

Business Insider | 09/06/2022 04:51 PM | Click to read full article

Purplle is now valued at over a billion dollars after its $33 million fundraise. The unicorn round saw participation from Paramark Ventures, Premji Invest and others.

The company plans to use this capital for acquisition and fund its inorganic growth plans. Cosmetics ecommerce company Purplle which competes with Falguni Nayar’s Nykaa is now valued at over a billion dollars after its $33 million fundraise. With this, Purplle has become the 102nd unicorn in India.