๐ ๐ฎ๐ป๐ฎ๐๐ต ๐๐ถ๐ณ๐ฒ๐๐๐๐น๐ฒ ๐ฃ๐ฟ๐ถ๐๐ฎ๐๐ฒ ๐๐ถ๐บ๐ถ๐๐ฒ๐ฑ, its group entities (โPurplle Group”) raises funds from Abu Dhabi Investment Authority, and other investors.
DSK Legal assisted and advised ๐ ๐ฎ๐ป๐ฎ๐๐ต ๐๐ถ๐ณ๐ฒ๐๐๐๐น๐ฒ ๐ฃ๐ฟ๐ถ๐๐ฎ๐๐ฒ ๐๐ถ๐บ๐ถ๐๐ฒ๐ฑ, its group entities (โPurplle Groupโ), and its founders, Manish Taneja, Suyash Katyayani and Rahul Dash (โFoundersโ), in relation to further investment by Abu Dhabi Investment Authority (โADIAโ), and other investors, through a combination of primary and secondary transactions (โTransactionsโ).
The team representing DSK Legal comprised of Hemang Parekh (Partner),ย Saumya Malviya (Senior Associate),ย Sharmishtha Bharde (Senior Associate), and Sreedatri Dhar (Associate).
Out of the total Rs 1,000 crore, approximately 70 percent was allocated to secondaries, with ADIA and other investors purchasing shares in the e-commerce company from its initial supporters. Overall, the start-up has now secured over $500 million in funding, and its pre-money valuation has risen to $1.25 billion in the latest funding round, up from the $1.1 billion valuation it had in the previous round.
Share your news, articles, deals, columns, or press releases with us!ย Click the link to submit and join our platform today.
