Purplle.com

It is the second Indian startup this week to be valued at more than $1 billion, after edtech firm Physics Wallah.

Online cosmetics retailer Purplle raised capital at a $1.1 billion valuation, becoming the second billion-dollar company to be created in India this week despite souring investor sentiment on startups

The deal size was not disclosed

This investment comes weeks after a $75 million funding led by Kedaara Capital, alongside Sequoia Capital India and Blume Ventures

E-commerce firm Purplle, which deals in beauty and personal care products, is planning to go for an IPO in 3-4 years after scaling up business with a target growth of around 80 per cent year-on-year.

The investment will augment the company's goal to deliver 6-8x growth in the next 5 years

Purplle has raised $45 million from Sequoia Cap­ital India and existing investors Verl­in­vest, Blume Ven­tures and JSW Ventures.

Online beauty and personal care platform Purplle is looking to double its sales to $100 million during the current fiscal

The funding, secured in multiple tranches, was led by an unidentified London-based investment fund