Goldman Sachs acquires Rs 60 Cr worth Purplle’s stake in secondary buyout


Content Team
Image Credit: Shortpedia

Global investment banking major Goldman Sachs has bought out stakes of several early-stage angel investors in the hybrid cosmetic product platform, Purplle. Former Fidelity executives Abhinav Sinha and Anirudh Gopalkrishnan have exited the company with a whopping 40X return. Goldman Sachs that led the $30 million Series C financing round in December last year has bought the share from the duo and others worth Rs 60 crore.