Unicorn Club Joined by Indian Retailer Purplle

Online beauty products retailer Purplle has become the latest Indian startup to become a “unicorn” after being valued at $1.1 billion, Deal Street Asia reported.

Purplle most recently raised $33 million from South Korea’s Paramark Ventures and Blume Ventures, Kedaara and Premji Invest. Edtech startup PhysicsWallah was also valued this week at more than $1 billion.

Read the full report: Deal Street Asia.

Kopi Kenangan Chain Enters Unicorn Club – Jakarta Globe

India Now Third-Largest Home for ‘Unicorns’ – Deccan Herald

Europe Overtakes China in Unicorn Creation – WSJ

Tags: Beauty Industry Indian Retail

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.