Taneja: IvyCap made 22x on Purplle, returning ₹330 crore
Manish Taneja · How Purplle Became a Billion Dollar Marketplace for Cosmetics Ft. Founder, Manish Taneja · Sep 19, 2022 · at 18:40
Manish Taneja is the co-founder and CEO of Indian beauty marketplace Purplle, discussing the fund return metrics of their early institutional backer IvyCap Ventures.
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“Luckily IVCAP also exited that round in 2021 for about 330 crores. So they made about 22 X of their investment. IVCAP fund one was about 240 odd crores. So we returned much more than the fund size itself. Although we got only 15 crores from that fund.”
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