YouTube is partnering with Nykaa to launch a programme designed to discover, enable, and accelerate the next generation of India’s beauty and lifestyle creators.
Of the total Rs 1,000 crore, around 70 percent was in the form of secondaries where ADIA and other investors bought shares in the ecommerce company from early backers.
After the exit, JSW Ventures has returned 2.7x of the fund size to investors. JSW Ventures first invested in Purplle's Series A round in 2016.
The Amazon and Flipkart sales, which both commenced on October 8 this year, have thrown up some category winners. But there does not appear to be an overall winner yet.
Pai, who recently sold a controlling stake in Manipal Hospitals to Singapore’s Temasek, is paying Rs 60-70 crore to JSW Ventures to become a shareholder in Purplle through a secondary market transaction