Pepperfry to secure fresh funds from existing investors

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Here’s a summarized list of the relevant details from the provided content:

Funding Details

  • Startup: Pepperfry
  • Founders: (Not mentioned in the provided content)
  • Funding Amount: ₹43.3 crore (approximately $5.1 million)
  • Fundraise Series: (Not specifically mentioned, but follows a previous round)
  • Date of Fundraise: September 2023 (previous round of $23 million)

Investors

  1. General Electric Pension Fund
    • Investment Amount: ₹21.5 crore ($2.5 million)
  2. Norwest Venture Partners
    • Investment Amount: ₹8.52 crore
  3. Panthera Growth Partners
    • Investment Amount: ₹6.45 crore
  4. Goldman Sachs
    • Investment Amount: (remaining amount)
  5. Erste WV Gutersloh GmbH
    • Investment Amount: (remaining amount)
  6. Growth Equity Opportunity Fund Cayman Holdings Ltd
    • Investment Amount: (remaining amount)

Additional Information

  • Valuation: Estimated at ₹3,120 crore ($367 million) post-allotment.
  • Use of Proceeds: Growth, expansion, and general corporate purposes.
  • Business Model: Marketplace model (both online and offline).
  • Product Catalog: Over 10,000 products, partnering with brands like Godrej, Springfit, and Spacewood.
  • Retail Presence: More than 200 studios across 100+ cities.
  • Total Funds Raised to Date: Over $270 million from various investors, including notable names like Norwest Venture Partners and General Electric.

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2025-06-02 08:18:38