HomeStartupLuxury fashion platform “Purple Style Labs” spent Rs 1.13 to earn a...

Luxury fashion platform “Purple Style Labs” spent Rs 1.13 to earn a rupee in FY23

Published on

spot_img
  1. Purple Style Labs is an omnichannel luxury fashion platform where people can discover and buy Indian designer wear.
  2. Purple Style Labs revenue surged from Rs 44 crore in FY21, Rs 175 crore in FY22 to Rs 372 crore in FY23.
  3. Cost management strategies led to a reduction in losses by 26.9% to Rs 38 crore in FY23 from Rs 52 crore in FY22.
  4. Overseas operations contributed substantially, accounting for 40.2% of the total revenue.
  5.  Its ROCE and EBITDA margin improved to -56% and -9% respectively.
  6. Since the strategic acquisition of Pernia’s Pop-Up Shop in 2018, Purple Style Labs has opened 15 Pernia’s Pop-Up Studio experience centers globally. The company has raised around $50 million across rounds and is currently valued at $352 million

Latest articles

Paytm users may take up to 6 months to shift to other service providers

Paytm is looking to migrate all existing customers to another payment service provider (PSP)...

Amazon Prepping Up For Budget-Friendly, Unbranded Fashion Route To Take On Meesho

Amazon has launched a new store called Bazaar on its platform, allowing sellers to...

Aakash Education post Rs 330 crore profit in FY23

Aakash Education, owned by BYJU’S, recorded a profit of INR 330 crore in FY23,...

AI Model Backed by Mukesh Ambani to Launch in March

A consortium backed by Mukesh Ambani’s Reliance Industries Ltd. and India’s top engineering schools...

More like this

Paytm users may take up to 6 months to shift to other service providers

Paytm is looking to migrate all existing customers to another payment service provider (PSP)...

Amazon Prepping Up For Budget-Friendly, Unbranded Fashion Route To Take On Meesho

Amazon has launched a new store called Bazaar on its platform, allowing sellers to...

Aakash Education post Rs 330 crore profit in FY23

Aakash Education, owned by BYJU’S, recorded a profit of INR 330 crore in FY23,...