India’s capital markets regulator has cleared two firms’ public foray, as construction-tech platform Infra.Market and luxurious style retailer Purple Fashion Labs transfer nearer to preliminary public choices.
Hella Infra Market Ltd., the mum or dad of Infra.Market, and Purple Fashion Labs Ltd. have acquired approval from the Securities and Alternate Board of India to proceed with their IPOs, in accordance with regulatory filings.
Infra.Market’s approval follows a collection of pre-IPO fundraises aimed toward strengthening its stability sheet and promoter holding. In September 2025, the Thane-based firm raised Rs 732 crore ($83 million) in a Sequence G spherical led by Nikhil Kamath’s household workplace, NKSquared. Silverline Houses, linked to co-founder Aaditya Sharda, invested Rs 250 crore, whereas Tiger World dedicated Rs 176 crore via its Web Fund. Accel, Evolvence India and Nexus Ventures additionally participated.
The spherical valued Infra.Market at about Rs 24,600 crore, stories stated, and was partly structured to carry the mixed stake of founders Sharda and Souvik Sengupta to just about 30%, formally classifying them as promoters forward of the IPO.
Based in 2016, Infra.Market operates a web-based market connecting development materials suppliers with contractors and builders, whereas additionally working a big private-label manufacturing enterprise.
The corporate runs about 250 manufacturing vegetation throughout 55 cities and sells merchandise throughout 15 classes. Income rose to Rs 14,530 crore within the 12 months ended March 2024, with revenue after tax of Rs 378 crore. Non-public-label manufacturing contributes roughly two-thirds of gross sales, supported by acquisitions together with RDC Concrete, Shalimar Paints and Emcer Tiles.
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Purple Fashion Labs, in the meantime, is positioning itself as a uncommon luxurious style itemizing from India. The corporate, which owns multi-designer platforms Pernia’s Pop-Up Store and The Stylist, raised about $40 million in a Sequence E spherical in March 2025 led by SageOne Flagship Progress OE Fund, Alchemy Lengthy Time period Ventures Fund, Bajaj Holdings and Minerva Ventures Fund.
Based in 2015 by Abhishek Agarwal, Purple Fashion Labs operates an omnichannel mannequin spanning e-commerce and bodily expertise centres. It plans to open what it calls India’s largest multi-designer luxurious retailer in Mumbai’s Fort space and increase internationally into markets similar to New York, Los Angeles and Dubai.
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