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Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore IPO, which will open for subscription on August 31.
The company plans to expand its robotics testing and validation center tenfold by the end of the year and is looking to invest in U.S. commercial production.
This is due to the sharp increase in yarn prices and the growing pressure on the competitiveness of India’s apparel export industry
