Furniture marketplace Pepperfry raises Rs 43.3 crore in funding: Report
Here’s a summary of the information regarding Pepperfry’s fundraising:
Funding Details
- Startup: Pepperfry
- Total Funds Raised: Rs 43.3 crore (approximately $5.1 million)
- Funding Series: New funding round
- Date of Fundraising: Recent (exact date not provided in the text)
Investors
- General Electric Pension Trust – Contributed Rs 21.5 crore
- Norwest Venture Partners – Contributed Rs 8.5 crore
- Panthera Growth Partners – Contributed Rs 6.4 crore
- Goldman Sachs
- Growth Equity Opportunity Fund
- Other existing shareholders – Contributed the remainder
Founders
- Ashish Shah (Co-founder)
Previous Funding
- Previous Round: Last raised $23 million in September 2023
- 2021 Funding: Secured $45 million in debt funding
Company Profile
- Founded: 2012
- Business Model: Omnichannel marketplace for furniture and home décor products, with operations both online and through physical experience studios.
Use of Funds
The new infusion is expected to be directed towards:
- Growth initiatives
- Geographic expansion
- General corporate purposes
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2025-06-02 13:54:31