With this round of fundraising, the company’s early backer Ivy Cap has partially exited with around 22 times gains.

The investment will augment the company’s goal to deliver 6-8X growth in the next five years, the startup said in a release. The beauty e-tailer has nearly 50,000 products from over 1,000 brands on its website and app, the company said. INThe firm said it has clocked 90% growth in gross merchandise value (GMV) in the past three years. Online beauty store Purplle said it has raised $75 million in funding led by Kedaara, Sequoia Capital India and Blume Ventures. Founded in 2012, Purplle has 7 million monthly active users.

Purplle Raises $45 Million Funding From Sequoia, Others

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Purplle Raises $45 Million Funding From Sequoia, Others

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