Pai is considering acquiring JSW Ventures' shares in the company for an estimated sum of INR 60 Cr - INR70 Cr
This potential investment marks the second instance of JSW Ventures divesting its holdings in Purplle within a span of five months
Purplle raised $50 Mn - $60 Mn in funding from the sovereign fund, Abu Dhabi Investment Authority (ADIA) in May
Billionaire investor Ranjan Pai, the chairman of the Manipal Group, is in talks to make a significant investment in the beauty ecommerce unicorn Purplle.
Pai is considering acquiring JSW Ventures’ shares in the company for an estimated sum of INR 60 Cr – INR 70 Cr, Moneycontrol reported.