Purple Style Labs - About the company
Purple Style Labs is a series E company based in Mumbai (India), founded in 2015 by Abhishek Agarwal. It operates as a Chains providing curated luxury fashion. Purple Style Labs has raised $72.5M in funding from investors like Northeastgases, Alchemy Capital Management and Augment Ventures, with a current valuation of $*****. The company has 8 active competitors, including 2 that are funded. Its top competitors include companies like VClusive, Smriti Apparels and Couture Yard.
Company Details
Chains providing curated luxury fashion. The business operates an omnichannel platform offering selections in luxury fashion through online and offline channels. It focuses on the distribution of designer apparel and accessories.
- Website
- www.purplestylelabs.com/
- Social
- Email ID
- *****@purplestylelabs.com
- Phone Number
- +91 **********
- Registered Address
- CTS No.1081, Plot No.110, TPS Village,Service Road Western Express Highway, Vile Parle (Eas, t), Mumbai City, Mumbai, Maharashtra, India, 400057
Key Metrics
Founded Year
2015
Location
Mumbai, India
Stage
Series E
Total Funding
$72.5M in 15 rounds
Latest Funding Round
Post Money Valuation
$***** as on Mar 13, 2025
Investors
Ranked
1st among 8 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
126 as on Feb 28, 2026
Investment & Acquisitions
Similar Companies
Legal entities associated with Purple Style Labs
Purple Style Labs is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PURPLE STYLE LABS UK LIMITED CIN: 11953992 , United Kingdom, Active | Apr 17, 2019 | - | 11 (As on Mar 31, 2025) | |
PURPLE STYLE LABS LIMITED CIN: U18204MH2015PLC267215 , India, Active | Aug 06, 2015 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 127 (As on May 01, 2026) |
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Purple Style Labs's funding and investors
Purple Style Labs has raised a total funding of $72.5M over 15 rounds. Its first funding round was on Oct 09, 2015. Its latest funding round was a Series E round on Mar 13, 2025 for $*****. 50 investors participated in its latest round. Purple Style Labs has 113 institutional investors and 240 angel investors.
Here is the list of recent funding rounds of Purple Style Labs:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 13, 2025 | 3974825 | Series E | 2059851 | 7068695 | 8226790 | 7224434 |
Jun 26, 2024 | 8576032 | Series E | 1296361 | 8917054 | 4197310 | |
Nov 20, 2023 | 4312171 | Series D | 6015362 | 7305774 |
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Purple Style Labs' founders and board of directors
Founder? Claim ProfileThe founders of Purple Style Labs is Abhishek Agarwal.
Here are the details of Purple Style Labs' key team members:
- Abhishek Agarwal: Founder of Purple Style Labs and founder of 1 other company. They serve on the board of 1 company.Contact Info: 1 email address and 2 phone numbers
Purple Style Labs' Board of Directors
Purple Style Labs's board has 6 active members. Abhishek Agarwal, Rahul Garg, Shefali Sarohi Shyam, Harminder Sahni and Abhinav Agarwal are part of team and Hrishikesh Bhalchandra Parandekar is independent board member.Here is the list of Purple Style Labs' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 1y 2m | |
uzkupub | Team | - | Current | 8y 5m |
Investor | - | Current | 1y 7m | |
Investor | - | Current | 2y 7m | |
uakosgw | Investor | - | Past | 7y 1m |
Independent board member | - | Current | 1y 7m |
View details of Purple Style Labs's Founder profiles and Board Members
Purple Style Labs' employee count trend
Purple Style Labs has 126 employees as of Feb 26. The total employee count is 3.0% more than what it was in Feb 25. Here is Purple Style Labs's employee count trend over the years:
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Purple Style Labs's Competitors and alternates
Top competitors of Purple Style Labs include VClusive, Smriti Apparels and Couture Yard. Here is the list of Top 10 competitors of Purple Style Labs, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Purple Style Labs 2015, Mumbai (India), Series E | Chains providing curated luxury fashion | $72.5M | 63/100 | |
2nd | Platform offering a luxury lifestyle products | $6.3M | 31/100 | ||
3rd |  Smriti Apparels 2000, Kolkata (India), Unfunded | Online retailer of ethnic apparel | - | - | 28/100 |
4th | Couture Yard 2015, Hyderabad (India), Unfunded | Customized designer apparels for women | - | - | 25/100 |
5th | Pinkpeacock Couture 2017, Mumbai (India), Unfunded | Online retailer offering multi-category fashion products | - | - | 24/100 |
6th | Online retailer of designer wear fashion products | - | - | 24/100 | |
7th | Online retailer offering fashion apparel | - | - | 24/100 | |
8th | Website selling fashion products from upcoming designers | - | - | 22/100 | |
9th | IndianHanger 2010, Mumbai (India), Deadpooled | Online portal for Indian designer wear | - | - | 21/100 |
10th | CarmaOnlineShop 2014, Delhi (India), Deadpooled | Online luxury designer apparel and accessories | - | - | 19/100 |
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Purple Style Labs's Latest cap tables and shareholding
Founders (largest shareholder) own 30.66%, Funds own 6.86%, Enterprises own 5.47% and Angels own 11.20%. The net worth of Purple Style Labs's founders is INR 68.2Cr as of Dec 08, 2020.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 30.66% | 68.2Cr | 3864127 | 4940321 | 9751855 | 1303041 |
9749198 | 1918467 | 2100137 | 5339057 | 7991671 | 9118191 | |
Fund | 6.86% | 15.3Cr | 972161 | 749090 | 458690 | 499571 |
Enterprise | 5.47% | 12.2Cr | 36195 | 36678 | 74698 | 43866 |
Angel | 11.20% | 24.9Cr | 5891252 | 3829155 | 7208691 | 5289192 |
ESOP Pool | 10.24% | 22.8Cr | 7128326 | 5476220 | 6571021 | 3490716 |
Other Investors | 35.57% | 79.2Cr | 6684930 | 3634372 | 5706391 | 1229310 |
Total | 100.00% | 223Cr | 2002660 | 1756343 | 9754348 | 5576142 |
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DisclaimerView more details of Purple Style Labs's Shareholding
Purple Style Labs's Investments and acquisitions
Purple Style Labs has made 4 investments in companies including Food Square and Food Square. Purple Style Labs has also acquired 1 companies including Wendell Rodricks.Here is the list of investments & acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
May 08, 2024 | Investments | 2023 | Mumbai (India) | |
Sep 26, 2023 | Investments | 2023 | Mumbai (India) | |
Jul 11, 2023 | Investments | 2023 | Kolhapur (India) |
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Reports related to Purple Style Labs
Here is the latest report on Purple Style Labs's sector:
News related to Purple Style Labs
Filter this listMedia has covered Purple Style Labs for a total of 33 events in the last 1 year, 4 of them have been about company updates.
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Purple Style Labs Leases 24K-SF Retail Space at 601 Madison AvenueCommercial Observer•Jul 08, 2026•Purple Style Labs
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Purple Style Labs to focus on cost management to drive profitabilityBusiness Line•Feb 03, 2026•Purple Style Labs
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Infra.Market, Purple Style Labs Get SEBI Nod For IPOInc42•Jan 23, 2026•Purple Style Labs, Infra.Market
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Spacetech startup Aule Space raises $2 million in round led by pi VenturesViestories•Jan 15, 2026•Aule Space, pi Ventures, Purple Style Labs, Adonmo
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GrowthPal Secures $2.6M Funding to Revolutionize M&A with AIGlobeNewswire•Jan 14, 2026•GrowthPal, Ideaspring Capital, HubSpot, Intercom and 3 others
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PumPumPum raises Rs 18 Cr in pre-Series A round led by LC NuevaEntrackr•Jan 12, 2026•Mufin Green Finance, Inflection Point Ventures, Anupam Finserv, PumPumPum and 7 others
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