The billionaire Ranjan Pai will Invest in the Beauty Company Purplle

This would be JSW Ventures’ second sale of Purplle stock in the previous five months.

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2.8 percent of the beauty unicorn was owned by JSW as of July, according to Tracxn, a company that provides private markets data.

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Pai, a seasoned investor and entrepreneur, has already invested in a number of startups.

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