Tell us about Purplle and elaborate on its growth story in India.
Purplle was born with the vision to make beauty accessible to all. Today, the brand services over 28,000 pin codes enabling women in the remotest corners of the country access to beauty products, delivering the joy of beauty in a manner they have never experienced before. A strong cap table, with reputed investors, has led to the exponential growth of the brand in the past few years. Purplle, started as a beauty marketplace, today has grown into a community that enables beauty for all. The business expanded to fill the gap in the market with home-grown private D2C brands that make beauty products affordable and accessible to women across India. Purplle today has 5 private D2C brands, Faces Canada, Good Vibes, Carmesi, Purplle, and NY Bae, with strong brand philosophies each creating a niche for themselves. Evaluating the potential of the offline platform, Purplle has expanded into the segment with exclusive Purplle stores, brand-led stores, kiosks, and retail touchpoints.
Purplle's online marketplace business has grown from strength to strength with 7 million monthly active users, 1200+ brands, and 70,000 products. The offline platform has 30 brand kiosks/stores and over 6000 touchpoints where products are sold. Overall, Purplle has grown from an annualized GMV of Rs 50 Cr in FY 2018 to Rs 1,400 Cr in FY 2022, which is an exponential 28X growth.
The Indian market is flooded with cosmetic brands. How does Purplle keep itself visible in the race?
この記事は Business Of Fashion の May 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Of Fashion の May 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Being Human launches 100th India store in Jaipur
Being Human, Bei the iconic a clothing line with philanthropic heart, has opened its 100th store in Jaipur.
Reliance Retail opens 73rd Avantra by Trends store in India
Reliance Retail's ethnicwear brand Avantra by Trends has opened its 73rd store in India in Hyderabad.
Cosset Clothing celebrates 3 years with Desk to Dusk collection
Cosset Clothing marks its third anniversary with the launch of the Spring-Summer 2024 collection, 'Desk to Dusk, a testament to its commitment to sustainable fashion.
Blackberrys launches TechPro collection 2024
Menswear brand Blackberrys Mensw Lhas introduced its groundbreaking TechPro Collection '24 across its stores nationwide.
The Kaftan Company launches men's lounge wear collection
The The Kaftan Company (TKC), renowned for its innovative loungewear, has launched its latest collection, the Twilight men's loungewear collection, marking a significant milestone as the first-ever range of kaftans designed exclusively for men.
MENSWEAR MARKET IN INDIA: Challenges & Opportunities for New-Age Brands in an Overcrowded Segment
There has been a significant change in the external environment in the last 15 years, which has directly led to changes in not only what a male consumer wears but also what he chooses to wear and how...
SUSTAINABLE FABRICS IN MEN'S FASHION: A CLOSER LOOK
Polyethylene terephthalate (PET) bottles, once destined for eternity in waste piles, have found a new purpose through recycling, emerging as recycled PET, or rPET...
UNI STYLE IMAGE: Championing Circular Fashion and Sustainability
Uni Style Image (USI), founded in 1990, is a global leader in sustainable designs. Renowned for its commitment to quality and environmental stewardship, USI stands among the top 10 polo T-shirt brands worldwide...
RAYMOND 'MADE TO MEASURE'
Bridging Bespoke Luxury with Ready-to-Wear Convenience
SNITCH From Fledgling D2C Brand to Pioneering Innovator in Fast Fashion
An in-depth analysis of Snitch's transformation from a nascent brand to a leading force in the young and innovative menswear segment in the Indian fast fashion domain...