Goldman Sachs buys out Purplle’s angel investor shares at 40X premium2 min read . Updated: 04 Jul 2020, 08:01 PM IST
Angel investors Abhinav Sinha and Anirudha Gopalakrishnan who are former Fidelity Investments executives invested ₹25 lakhs and ₹20 lakhs respectively when Purplle was launched in December 2011
Two early angel investors in online beauty and makeup products retailer Purplle have secured a 40X return on their angel investment over a nine-year period, after both investors offloaded their shareholding to Goldman Sachs in a secondary exit deal, said two people aware of the development.
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