JSW Ventures exits from Fund I in Purplle; sells stake to Manipal Group

JSW Ventures has sold its shareholding in e-commerce firm Purplle to Manipal Group. The company will continue investing in Purplle through its second fund. JSW Ventures had previously sold a portion of its holding in Purplle to the Abu Dhabi Investment Authority in May 2023. The financial details of the transaction were not disclosed. JSW Ventures is an early-stage venture capital fund that invests in technology companies across various industries.

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