Pernia Parent Purple Style Labs Bags $14 Mn Funding For Global Expansion

Pernia Parent Purple Style Labs Bags $14 Mn Funding For Global Expansion

SUMMARY

The funding round was led by ValueQuest, ScaleFund, Singularity Growth Opportunities Fund I, ValPro, Masaba Gupta, among others

It also saw participation from existing investors such as Astarc Ventures, Param Capital partner Mukul Agrawal, and Xander Group founder Sid Yog

Purple Style Labs will open its stores in New York, San Francisco, Los Angeles, Dubai, and Singapore in the next two years

Luxury fashion house Purple Style Labs, the parent of Pernia’s Pop-Up Shop, has raised $14 Mn (about INR 114.5 Cr) in a Series C funding round led by ValueQuest, ScaleFund, Singularity Growth Opportunities Fund I, ValPro, Masaba Gupta, among others.

The funding round also saw participation from existing investors such as Astarc Ventures, Param Capital partner Mukul Agrawal, and Xander Group founder Sid Yog, the startup said in a statement.

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