Second Covid wave delays Pepperfry's IPO plans - The Hindu BusinessLine

Second Covid wave delays Pepperfry’s IPO plans
May 31, 2021
Ashish Shah, COO and founder,   -  Businessline×
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The second Covid wave and the consequent business disruption have pushed furniture e-tailer Pepperfry’s plans to file for an IPO by several months.
Ashish Shah, co-founder and COO, Pepperfry, told
BusinessLine. “We got very close to profitability in the Oct-December quarter of 2020 with less than 1 per cent of losses incurred during the quarter. On January 26, 2021 we hit our highest ever sales of ₹11 crore in a day, a great number to hit at the beginning of the year. We were coming back very strongly as a business after the first Covid wave, starting from July last year and in September as we were edging close to profitability, we announced our IPO plans in the next 12-18 months. But, the second Covid wave has set us back and we should be ready to file for an IPO 12-18 months from now.”

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