Purplle Seeks a $100 Million Investment From Adia and Plans More Offline Stores
The business is in talks with the Abu Dhabi Investment Authority (ADIA) for a $100 million investment.
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The company has only two offline outlets and wants to open 5-10 more over the following few months.
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Purplle, a beauty e-commerce platform, plans to open more offline stores this year while also pursuing an initial engagement with the Abu Dhabi Investment Authority (ADIA) for a $100 million investment.
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The fundraising is scheduled to take place in the next months and might be part of the company’s pre-IPO phase.
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Purplle CEO Manish Taneja told Mint that the company intends to enter the public markets in the second half of next year and early in 2026.
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Premji Invest, Blume Ventures, and Peak XV Partners are some of the other investors in Purplle.
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