Purple Style Labs (PSL), the parent company of Pernia’s Pop-Up Shop (PPSU), raised USD 14 million in Series C funding co-led by ValueQuest S C A L E Fund, Singularity Growth Opportunities Fund I, ValPro, and Masaba Gupta.
The round also saw the participation of its existing investors like Astarc Ventures, Mukul Agrawal, Neelesh Bhatnagar and Yuj Ventures.
Founded in 2015 by Abhishek Agarwal, Purple Style Labs is an omnichannel luxury fashion platform where people can discover and buy Indian designer wear.
Purple Style Labs wants to build a fashion house comprising two multi-designer platforms – Pernia’s Pop-Up Shop and the Stylist.