Purplle acquires cosmetics brand Faces Canada

Beauty and personal care ecommerce platform Purplle has acquired cosmetics and skincare brand, Faces Canada. Both the companies are backed by Sequoia Capital. The acquisition comes after Purplle raised $60 million last month from Premji Invest, the family office of Wipro founder-chairman Azim Premji, valuing the direct-to-consumer (D2C) brand at $630 million. Weeks prior to […]

Neobank Open acquires Finin in $10 million deal

Google-backed neo-bank Open said it has acquired consumer neo-banking platform in a $10 million cash-and-stock deal. Open, which had raised $100 million in October, will use Finin to strengthen its enterprise business and take it overseas in a significant way after the deal, its cofounder, Anish Achuthan, said. Finin, started in 2019 by Suman Gandham […]

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