JSW Ventures has completely exited its shareholding in beauty company Purplle through a sale to Manipal Education & Medical Group Family Office (MEMG). JSW did not reveal the value of the transaction, according to media reports.
With this transaction, JSW Ventures has fully exited its stake in Purplle from Fund I and has returned 2.7 times the fund size to its investors so far.
Sachin Tagra, Managing Partner, JSW Ventures said, “We have returned 2.7 times the corpus of the first fund. We continue to stay invested in Purplle from our second fund.”
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