Luxury Clothing Startup Purple Style Labs Raises $10 Mn Funding To Expand Global Footprint

Luxury Clothing Startup Purple Style Labs Raises $10 Mn Funding To Expand Global Footprint

SUMMARY

The funding round was led by angel investor Akash Bhansali, with participation from actor Madhuri Dixit Nene, Alpha Wave Global’s Navroz Udwadia, Sid Yog of Xander Group, among others

Purple Style Labs plans to open retail stores in New York and Dubai in the next 12-18 months

Purple Style Labs retails high-end designer brands under Pernia’s Pop-Up Shop brand, and also incubates young designer brands

Luxury fashion house Purple Style Labs, the parent of Pernia’s Pop-Up Shop, has raised $10 Mn in a Series B round led by angel investor Akash Bhansali. 

The round also saw participation from other angel investors such as actor Madhuri Dixit Nene, Alpha Wave Global’s Navroz Udwadia, Sid Yog of Xander Group, Premji Invest’s Rahul Garg, Param Capital’s Mukul Agrawal, SMIFS’ Rahul Kayan, Girish Kulkarni of Suyash Advisors, GOAT Brand Labs cofounder Rishi Vasudev, among others. 

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