Manipal Group’s Ranjan Pai Set to Invest In Beauty Ecommerce Unicorn Purplle

Manipal Group’s Ranjan Pai Set to Invest In Beauty Ecommerce Unicorn Purplle

SUMMARY

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.

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