wordpress blog stats
Connect with us

Hi, what are you looking for?

Pepperfry gets funding of Rs250 cr, will use for an IPO

Online furniture marketplace Pepperfry has raised a funding of Rs 250 crore from US-based financial services company State Street Global Advisors (SSgA). As part of the deal, SSgA’s Anandh Hari, Managing Director of Private Equity will join the Pepperfry’s Board of directors.

Founded by Ashish Shah and Ambareesh Murty in July 2011, the company is looking for an IPO soon. The company said that it will use fresh funds to expand Pepperfry’s experience centers in Tier II Towns, and technologies like AR/VR technology for virtual touch and feel, and to prepare for its next financial milestone of an IPO.

In a statement, the company said that its revenue has grown at a CAGR of over 83% in the last 5 years and with this fresh round of investment, it has enough dry-powder available to accelerate past
the break-even point and become a profitable business over the next 12-18 months.

Coincidentally, a day before Pepperfry’s direct rival Urban Ladder raised a funding of US $12 million from its existing investors.

Pepperfry’s previous funding

In September 2016, the company raised Rs 210 crore from its existing investors Goldman Sachs, Norwest Venture Partners Bertelsmann India Investments and Zodius Technology Fund.

Pepperfry had previously raised $100 million in June 2015 from the same set of investors. In May 2014, Pepperfry raised $15 million in a round of funding led by Bertelsmann India Investments. It had also raised $8 million from Norwest Venture Partners in April 2013, and a $5 million round from the same company in December 2011, which was incidentally before the site was launched.

You May Also Like


BharatPe has raised $108 milion as part of its Series D funding round, pegging its value at $900 million just short of the coveted...


Mobile Premier League has raised $95 million in a new financing round, pegging its value at $945 million, the company said in a statement...


Hyperlocal e-commerce company Dunzo has raised $40 million from new and existing investors including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and...


Swiss global banking giant UBS Group AG is in talks to pickup a $400 million stake in Paytm, Bloomberg reported. A fund run by...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ