Purplle expects to close FY22with ₹700-crore revenue: CEO
The Hindu
Beauty care firm grew rapidly during COVID; IPO in 3-4 years
Beauty and personal care e-commerce platform Purplle expects to close the current financial year with a revenue of ₹700 crore, a 90% growth from last year, driven by new customer acquisition amid the pandemic, said co-founder and CEO Manish Taneja.
The company, which had grown its employee base from about 300 people to 1,300 people in two years, was also planning to go for an initial public offering (IPO) in the next 3-4 years, he said.
“Like for most online businesses, we’ve grown quite rapidly during COVID and for us, all of this growth is organic,” he said. “This year, we should do close to ₹700 crore of revenue and about ₹1,000-1,100 crore of GMV, and this is a growth of 90% from last year,” he added.