UAE’s ADIA leads Indian beauty retailer Purplle Group’s $120m fundraising

THE Abu Dhabi Investment Authority (ADIA), an investment institution, has spearheaded a $120 million funding round for Purplle Group, an Indian online beauty retailer.

Mint, an Indian financial daily, reported that following the latest funding round, the startup’s valuation has risen by 14 per cent to reach $1.25 billion.