Question
Which of the following company had buys 89% stake in
Purple Panda Fashions recently?Solution
Mukesh Ambani-controlled Reliance Industries has acquired an 89% stake in Purple Panda Fashions Pvt Ltd for Rs 950 crore. Purple Panda Fashions was started in 2013 by entrepreneurs Neha Kant, Pankaj Vermani and Suman Chowdhury. The company had raised $4 million in its pre-Series C round of funding, led by SheCapital Venture Fund and Golden Birch Investments in 2020.
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