Purplle

India

Purplle is an Indian beauty and personal care e-commerce platform that offers a wide range of beauty products, including makeup, skincare, haircare, and personal care items. The platform aims to provide consumers with a curated online shopping experience and access to some of the best Indian and international beauty brands.

CCI Score

-56.70

June 19

Latest Event

Purplle Secures Funding from ADIA

Purplle closed a Rs 1,000-crore funding round led by the Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund of the UAE. Critics note that ADIA is connected to an authoritarian regime, raising concerns about the implications of aligning with state-controlled capital in the consumer sector.

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QUISLING

Purplle is currently rated as a Quisling.

-44 to -59 CCI Score

These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

JUL

01

2024

Purplle Secures Funding from ADIA
-72.63

Purplle closed a Rs 1,000-crore funding round led by the Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund of the UAE. Critics note that ADIA is connected to an authoritarian regime, raising concerns about the implications of aligning with state-controlled capital in the consumer sector.
-80

Economic Collaboration

June 18

The funding round was led by ADIA, a sovereign fund from the UAE, a country known for its authoritarian governance. This event raises concerns regarding economic collaboration with regimes that do not uphold democratic or progressive values, making the funding ethically questionable from an anti-fascist perspective.

Purplle closes Rs 1,000 crore funding deal led by Abu Dhabi Investment Authority
JUN

05

2023

Supply Chain Risks of Modern-Day Slavery in the Beauty Industry
-40.77

An investigative article raises concerns over modern-day slavery risks in the beauty industry’s supply chains, emphasizing the potential for unethical labor practices in sourcing natural ingredients. Given Purplle’s role as a beauty products e-commerce platform, its supply chain could be indirectly exposed to such risks if adequate due diligence and transparency measures are not enforced.
-50

Supply Chain Ethics

June 18

The article highlights the risks of modern-day slavery and forced labor inherent in complex and opaque supply chains in the beauty industry. As Purplle sources a wide range of products without clear disclosures on supply chain practices, there is a concern for potential complicity in unethical labor practices. The absence of transparency regarding supplier audits and due diligence scores against modern slavery risks leads to a negative evaluation in the Supply Chain Ethics category.

Slave trade in the beauty industry