Purple Style Labs

Company

Investment-firm

Last deal

$7.93M
Local Amount - INR 666M

Amount

Series D

Stage

20.11.2023

Date

3

all rounds

$38.31M

Total amount

Financing round

General

About Company
The Purple Style Labs offers Indian designer wear through two multi-designer platforms - Pernia's Pop-Up Shop and The Stylist.

Industry

Sector :

Subsector :

Also Known As

PSL

founded date

01.01.2015

Number of employees

Company Type

For Profit

Last funding type

Series D

IPO status

Private

Description

Purple Style Labs was founded in 2015 with the mission to sell a lifestyle, not just a product, and to create a memorable shopping experience that fosters the growth of Indian brands and designers. The company operates an online styling platform that offers personal shopping and wardrobe management services, aiming to transform one's wardrobe tailored to their personality and preferences. Purple Style Labs aims to become the biggest Luxury Fashion House in India by bringing together exceptional houses with an online and offline presence, offering customers a unique shopping experience and niche brands that have the potential to transform their wardrobes.
Legal Names

Legal name

Purple Style Labs Private Limited
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Financials

Funding Rounds
8
3

Number of Funding Rounds

$38.31M

Money Raised

Their latest funding was raised on 20.11.2023. Their latest investor Singularity AMC. Their latest round Series D

Date 
Funding Round 
Investors 
Money Raised 
Lead 
20.11.2023
7
$7.93M
Local Amount - INR 666M
12.04.2023
8
$13.97M
Local Amount - INR 1.15B
13.09.2022
1
$1.26M
Local Amount - INR 100M
Sanket Parekh

Sanket Parekh

Sanket is the Founder and Managing Partner of Secocha Ventures. A third generation entrepreneur passionate about technology, marketing & branding, Sanket has led all our investments across a variety of sectors. He now sits on the board of several of our portfolio companies, including Ossio Ltd, Le15 and CarePredict, Inc. In addition to his role at Secocha Ventures, Sanket also heads Pidilite Industries’ corporate VC arm, which focuses on finding innovative startups in the company’s focus areas. Sanket holds a Bachelor’s Degree in Commerce from the University of Mumbai, an M.S. in Marketing from Bentley College, and an MBA in Global Management from Babson College.

current job

Pidilite Industries Limited
Pidilite Industries Limited

count Of Investments

1
Klub

Klub

Klub is a fintech company that provides growth financing to high-affinity brands using data-driven analytics.

Sector

Investment Banking and Brokerage Services

Subsector

Diversified Financial Services

Location

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count Of Investments

11
Investments
1
Date 
name 
Lead 
type 
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Masaba

Masaba

This company is a chain of retail stores that offers designer wear for women.

Sector

Retailers

Subsector

Apparel Retailers

Keywords

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1

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Co-Investors
Investors
31
3

Number of lead investors

31

Number of investors

Investor 
Lead 
Round 
Partners 
No
Series C, Series D
No
Series D
No
Series D
Singularity AMC

Singularity AMC

Singularity AMC is an asset management company.

count Of Investments

4

Atul Gupta

Atul Gupta is a Partner at Premji Invest.

count Of Investments

1
Neelesh Bhatnagar

Neelesh Bhatnagar

NB Ventures is a VC fund created by Neelesh Bhatnagar to invest family wealth in Indian and Middle East Start ups

current job

NB Ventures

organization founded

1
Acquisitions
2
Wendell Rodricks acquired by Purple Style Labs

Wendell Rodricks acquired by Purple Style Labs

acquirer

Purple Style Labs
Purple Style Labs

date

04.12.2020

type

Acquisition
Wendell Rodricks

Wendell Rodricks

Wendell Rodricks creates unique fashion collections, including the VISIONNAIRE collection with Braille fabric for the visually impaired.

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Pernia’s Pop Up Shop acquired by Purple Style Labs

Pernia’s Pop Up Shop acquired by Purple Style Labs

acquirer

Purple Style Labs
Purple Style Labs

date

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type

Acquisition
Pernia’s Pop Up Shop

Pernia’s Pop Up Shop

Pernia's is an online retailer of ethnic wear and accessories.

Sector

Retailers

Subsector

Apparel Retailers

Keywords

E-Commerce, Fashion, Jewelry

Location

Kolkata, West Bengal, India
Exits
1
Masaba

Masaba

This company is a chain of retail stores that offers designer wear for women.

Sector

Retailers

Subsector

Apparel Retailers

Keywords

Fashion, Retail, Women

Location

Mumbai, Maharashtra, India

total rounds

1

total raised

$1M

People

Founders
1
Abhishek Agarwal
Abhishek Agarwal

Abhishek Agarwal

Mr. Abhishek Agarwal is the Founder and serves as Board Member at Purple Style Labs.

current job

Purple Style Labs
Purple Style Labs

organization founded

1

Abhishek Agarwal

Employee Profiles
1
Abhishek Agarwal

Abhishek Agarwal

Founder

Activity

Recent News
1