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Image Credit: Shortpedia

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

Shortpedia

Content Team

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.