About Purple Style Labs
Purple Style Labs is a company based in Mumbai (India) founded in 2015 by Abhishek Agarwal.. Purple Style Labs has raised $67.15 million across 15 funding rounds from investors including Angel List, Klub and Wellfound. The company has 148 employees as of April 09, 2024. Purple Style Labs has completed 2 acquisitions, including Pernias Pop Up Shop and Wendell Rodricks. Purple Style Labs offers products and services including Pernia’s Pop-Up Shop, Pernia’s Pop-Up Studio, and First Look Magazine.
- Headquarter Mumbai, India
- Employees 148 as on 09 Apr, 2024
- Founders Abhishek Agarwal
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Purple Style Labs Limited
- Date of Incorporation 06 Aug, 2015
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$12.04 M (USD)77.77as on Mar 31, 2023
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Net Profit
$-126.47 K (USD)97.63as on Mar 31, 2023
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EBITDA
$-587.13 K (USD)87.66as on Mar 31, 2023
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Total Equity Funding
$67.15 M (USD)
in 15 rounds
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Latest Funding Round
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Investors
Angel List
& 286 more
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Employee Count
148
as on Apr 09, 2024
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Investments & Acquisitions
Pernias Pop Up Shop
& 1 more
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Products & Services of Purple Style Labs
Purple Style Labs offers a comprehensive portfolio of products and services, including Pernia’s Pop-Up Shop, Pernia’s Pop-Up Studio, and First Look Magazine. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online platform for discovering and purchasing Indian luxury fashion brands.
Physical stores offering curated luxury apparel and accessories.
Digital magazine featuring fashion trends and brand insights.
Unlock access to complete
Funding Insights of Purple Style Labs
Purple Style Labs has successfully raised a total of $67.15M across 15 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 15
- Last Round Last Round
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First Round
First Round
(09 Oct 2015)
- Investors Count 287
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series E - Purple Style Labs | Valuation | SageOne Investment Advisors , Alchemy Capital | |
| Jun, 2024 | Amount | Series E - Purple Style Labs | Valuation | Singularity AMC , Northeastgases | |
| Nov, 2023 | Amount | Series D - Purple Style Labs | Valuation | Sanket Parekh , Northeastgases |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Purple Style Labs
Purple Style Labs has secured backing from 287 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Angel List, Klub and Wellfound. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office
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Founded Year | Domain | Location | |
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Seed-stage manufacturing tech startups are funded by S Four Capital.
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Founded Year | Domain | Location | |
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Investment management services in growth equity and public investments in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Purple Style Labs
Purple Style Labs has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Pernias Pop Up Shop and Wendell Rodricks. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multi-category ethnic wear is retailed online by the company.
|
2009 | ||||
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Internet first brand of casual apparel for men and women
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1960 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Purple Style Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Purple Style Labs Comparisons
Competitors of Purple Style Labs
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Purple Style Labs
Frequently Asked Questions about Purple Style Labs
When was Purple Style Labs founded?
Purple Style Labs was founded in 2015.
Where is Purple Style Labs located?
Purple Style Labs is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Purple Style Labs?
Abhishek Agarwal is the current CEO of Purple Style Labs. They have also founded this company.
Is Purple Style Labs a funded company?
Purple Style Labs is a funded company, having raised a total of $67.15M across 15 funding rounds to date. The company's 1st funding round was a Series D of $8M, raised on Oct 09, 2015.
How many employees does Purple Style Labs have?
As of Apr 09, 2024, the latest employee count at Purple Style Labs is 148.
What is the annual revenue of Purple Style Labs?
Annual revenue of Purple Style Labs is $12.04M as on Mar 31, 2023.
What does Purple Style Labs do?
Purple Style Labs was founded in 2015 and is based in Mumbai, India. The company operates as an e-commerce platform in the fashion sector, focusing on ethnic wear. A range of products is provided, including apparel such as lehengas, sarees, skirts, and dresses, along with footwear, jewelry, handbags, headwear, shawls, watches, hair accessories, belts, scarves, and wraps. Curated selections of luxury designer items are featured.
What products or services does Purple Style Labs offer?
Purple Style Labs offers Pernia’s Pop-Up Shop, Pernia’s Pop-Up Studio, and First Look Magazine.
How many acquisitions has Purple Style Labs made?
Purple Style Labs has made 2 acquisitions, including Pernias Pop Up Shop, and Wendell Rodricks.
Who are Purple Style Labs's investors?
Purple Style Labs has 287 investors. Key investors include Angel List, Klub, Wellfound, LetsVenture, and Careernet.
What is Purple Style Labs's valuation?
The valuation of Purple Style Labs is $356.14M as of Jul 2023.