India: Goldman Sachs acquires Purplle’s angel investor shares at 40x premium

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.

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, said the first person mentioned above requesting anonymity.

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