Another startup company of the country has achieved the status of unicorn, waving the flag of success. Sequoia, the online cosmetic retailer backed by Goldman Sachs, has crossed a valuation of $1.1 billion after raising $33 million in the latest E Series funding with existing investors Premji Invest, Bloom Ventures and Kedara. In the past, Purple has raised four rounds of funding from investors. At the end of 2021, the company had raised $140 million in D Series funding. If new funding is added, then this company has so far raised $215 million (Rs 1655 crore in Indian currency) from investors.
Let us tell you, the word unicorn is used for those companies whose valuation reaches up to 1 billion dollars (7,700 crores in Indian currency). So far 102 startup unicorns have been created in India.
The company said in its official statement that at present the company has more than 7 million active users and more than 60 thousand products of more than 1000 brands are listed on the company’s website and the company is growing rapidly. The company said that in the financial year 2021-22, the company has done sales of some $ 180 million (Rs 1,386 crore). We aim to make trendy beauty products affordable and easily accessible to our customers.
Earlier on Tuesday (7-June-2022), Education Status Physicswale achieved the status of Unicorn by raising $100 million (Rs 770 crore) in A Series funding. The company said that it has received this funding from Westbridge Capital and GSV Ventures.
Physics Wale company was started by teaching coaching in Allahabad, at present the company has more than 6.9 million subscribers on YouTube while there are more than 5.2 million downloads on Google. At the same time, the company has claimed that in 2020-21, a total of 10 thousand children who have studied through it have achieved success in examinations like NEET and JEE.