Luxury fashion company Purple Style Labs (PSL) has secured $8 million (about 66.6 crore) in its Series-D funding round, led by Sanket Parekh of the Pidilite family office.

Abhishek Agarwal, founder of Purple Style Labs (PSL), says that the opportunity is huge, but you cannot look at the sales channels in isolation. Purple Style Labs acquired multi-designer luxury store chain Pernia’s Pop Up Shop in February 2018 for an undisclosed sum. It claims to have scaled the business 50x in four years.

Now, PSL has taken a creative leap of faith—announcing a collaboration with designer Amit Aggarwal to create a collection as guest creative director for Wendell Rodricks.

In a collection many years in the making and materialised only after a pilgrimage-like trip to Goa, the source of it all remains innately personal

With a strong focus on profitability and growth, Abhishek Agarwal, founder of Purple Style Labs has led his team to achieve a high return on capital and aims for an impressive growth rate of 50-70 percent year-on-year for the next three years.

Luxury fashion house Purple Style Labs, the parent of Pernia’s Pop-Up Shop has raised $14 Mn (Rs 114.5 crore) in a series C funding round led by Value Quest, Scale Fund, Singularity Growth Opportunities Fund I, Val Pro, Masaba Gupta, among others.

“In the coming years, we shop to achieve new heights with more key international locations, broadening our presence, and taking Indian fashion and design to the next level,” said Abhishek (Monty) Agarwal, founder of Purple Style Labs.

Purple Style Labs, an omnichannel luxury fashion platform for designer wear, has demonstrated solid growth in the fiscal year ending March 2022. The firm, which runs Pernia’s Pop-Up Shop and The Stylist platforms, grew its revenue four-fold with sound economics.

Pernia's Pop-Up Shop (PPUS), has secured USD 14 million in Series-C funding from an impressive roster of investors, including ValueQuest S C A L E Fund, Singularity Growth Opportunities Fund I, ValPro, Masaba Gupta, and many other high-profile individuals.

Luxury fashion house Purple Style Labs, the parent of Pernia’s Pop-Up Shop, has raised $14 Mn (about INR 114.5 Cr) in a Series C funding round led by ValueQuest, ScaleFund, Singularity Growth Opportunities Fund I, ValPro, Masaba Gupta, among others.

Purple Style Labs founder Abhishek Agarwal on the resurgence of the fashion street, the growing potential of omnichannel and why size matters in retail.

The fifth annual FT ranking of 500 high-growth Asia-Pacific companies is still dominated by technology-related businesses — but now features a much wider range of industries where revenues are rising fast, as local incomes and foreign investment in the region climb.

Over the past few years, India's economy has expanded steadily, which has prompted the establishment of numerous prosperous businesses. These enterprises have been able to compete successfully with some of the largest brands in the international market by utilizing the nation's sizable and expanding market as well as its skilled labor force.

Indian Handicrafts Emporium is one of the most iconic spaces in the capital. Since it was established in 1967, it has been a bastion of Indian arts and crafts.

Pernia’s Pop-Up Shop, India’s largest luxury fashion e-commerce platform owned by Purple Style Labs (PSL), has launched Six Yards by Madhuri Dixit, an ambitious collaboration that highlights the Bollywood megastar’s love for the saree.

Purple Style Labs, the company that runs Pernia’s Pop-Up Shop and Wendell Rodricks, has received a fresh round of funding of Rs. 10 crore from financing platform Klub.

Purple Style Labs, owner of Pernia’s Pop Up Shop that retails in premium multi-designer wear, accessories, and jewellery, has raised USD 10 million in its series B funding round led by film personalities like actress Madhuri Dixit Nene and other veteran investors.

PSL, that acquired Pernia’s Pop-Up Shop in 2018, after which designer Pernia Qureshi stepped down as the Creative Head of the platform, has achieved a 50X growth in the last four years.

Founded by an investment banker, Abhishek Agarwal, PSL is building itself up to be a global fashion house, perhaps the next LVMH or Kering.

With names such as Pernia’s Pop-Up Shop, Wendell Rodricks and Hemant Trevedi, Abhishek has made a smart start to realise his dreams and hopes to establish PSL at the forefront of India’s luxury fashion space with a target of “Rs1,000crore+ revenue run-rate by 2024” from all their business arms.

Purple Style Labs establishes a resonance with the designer’s aesthetics and by staying true to his design sensibilities with the Reminiscence collection.

The Mumbai-based fashion house of designers and stylists Purple Style Labs has acquired Wendell Rodricks to scale the resort wear label to leverage ecommerce and its flagship stores.

Mumbai-based Luxury Fashion House, Purple Style Labs (PSL) announced the acquisition of the original resort wear label Wendell Rodricks, one of the pioneers in the Indian fashion industry.

Ahead of its year-ending sale, Myntra has entered the luxury fashion segment thanks to a partnership with multi-brand luxury wear marketplace Pernia’s Pop Up Shop.

Purple Style Labs (PSL) a Mumbai-based premium fashion house, has acquired Pernia’s Pop-Up Shop (PPUS), a multi-brand ecommerce website which houses over 500 of India’s pre-eminent designer brands. With this acquisition, PSL aims at building a comprehensive omni-channel fashion platform, focused on meeting the fashion needs of Indians across the world.

Online premium fashion platform Purple Style Labs Pvt. Ltd has acquired multi-brand e-commerce website Pernia’s Pop Up Shop for an undisclosed sum of money.

Purple Style Labs (PSL), a Mumbai-headquartered premium fashion platform, has acquired Pernia’s Pop Up Shop (PPUS), a leading multi-brand e-commerce website which houses over 500 of India’s pre-eminent designer brands. The platform is a market leader in e-commerce for premium Indian designer wear.

Purple Style labs (PSL) a Mumbai headquartered premium fashion platform has acquired Pernia’s Pop Up Shop (PPUS), a leading multi-brand-e-commerce website which houses over 500 of India’s pre-eminent designer brands.

The new venture Pernia's Pop Up Studio branches multi-designer studios in metro cities like Mumbai and Delhi

Pernia’s Pop-Up Studio continues to expand with the opening of its 8th store is the garden city of India, Bengaluru. Located at one of the most prestigious hotels, The Leela Palace, the store is spread across 2,500 sq.ft.