iPhone 13 Launch📱

Purplle eyes $500 mn valuation, API Holdings has appointed new directors, and more.

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iPhone 13 Pro Max to come with 1TB storage🤯

Apple iPhone 13 launch date has been announced. The California Streaming Apple event will be hosted on September 14. At the iPhone 13 launch event, Apple is expected to unveil four new iPhone models.

Apple will host the iPhone event virtually on September 14. The iPhone 13 launch event live-stream will begin at 10 am PDT/ 10.30 pm IST. Interested viewers can watch the iPhone 13 launch event live on YouTube.

Rumors so far indicate that the Apple Watch Series 7 will launch alongside the iPhone 13 series.

Word is that the new Apple AirPods 3 could finally see a launch at the upcoming Apple event.

The iPhone 13 and iPhone 13 mini will come in 128GB, 256GB and 512GB storage options. Like the iPhone 12 Pro and iPhone 12 Pro Max, the 13 Pro models will launch in 128GB, 256GB and 512GB options. In addition, the 2021 iPhone Pro models will also launch in a 1TB storage option.

Purplle eyes $500 million valuation amid Nykaa IPO💄

Beauty products platform Purplle is in talks to raise $50-75 million, valuing the company at over $500 million.

Purplle, pitched earlier to investors and executives as a ‘Nykaa for tier 2-3 cities and beyond,’ was valued at about $300 million in March.

Cosmetics retailer Nykaa is gearing up for a record-breaking public share sale that could value the company at as much as $8 billion – over 20 times its annual revenue.

Purplle, in comparison, has a revenue run rate of about $80 million, or about Rs 50 crore, a month. That would put its valuation at 5-6 times its annual revenue.

Founded by Manish Taneja and Rahul Dash in 2012, Purplle offers makeup, skincare, hair care and other beauty and personal care products.


Hot Shorts⚡

  • Jungle Ventures has raised $225 million in the first close of its fourth fund as the venture capital firm seeks to replicate its successes in startups across Southeast Asia and India.

  • BetterPlace, a technology platform for blue-collar workforce management, has raised $24 million in a Series C funding round.

  • Onesto Labs, the parent company of direct-to-consumer personal care brands Chemist at Play and Bare Anatomy, has raised about $2.5 million in a funding round

PharmEasy’s parent firm appoints five independent directors ahead of IPO💊

PharmEasy’s parent firm API Holdings has appointed five independent directors to its board ahead of its IPO later this fiscal.

  • Vineeta Rai, retired IAS officer former revenue secretary of India

  • Subramanian Somasundaram, former chief financial officer of Titan.

  • Ramakant Sharma, founder and chief operating officer of Livspace.

  • Dr Jaydeep Tank, a Mumbai-based gynecologist and secretary-general of the Federation of Obstetric and Gynecological Societies of India.

  • Deepak Vaidya, a veteran of the pharma industry, as well as microfinance, healthcare and private equity.

PharmEasy is still negotiating with new investors to raise $200-300 million before its listing, at a valuation of $5.6 billion. API Holdings was valued at $4.2 billion in June.

PharmEasy is the only large independent player remaining in India’s online pharmacy market.

The online pharmacy market in India will grow to about $2.7 billion by 2023 from about $360 million in 2020.

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