Indian furniture platform Pepperfry raises $4.8m debt from InnoVen Capital
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February 14, 2021
Venture debt firm InnoVen Capital on Friday said it has invested Rs35 crore in debt in Mumbai-based online furniture marketplace Pepperfry, making it their third investment in the startup since 2017.
“We remain focused on expanding Pepperfry’s leadership position in the Indian furniture and home e-commerce. Our business has seen strong momentum through covid and we continue to make good progress towards achieving profitability and managing cash flows. These funds will be used to increase our footprint across the country and capitalise us even beyond achieving profitability,” said Neelesh Talathi, chief financial officer at Pepperfry.
[Funding alert] Pepperfry raises Rs 35 Cr debt capital led by InnoVen
The online furniture startup Pepperfry has raised Rs 35 crore in debt funding led by InnoVen Capital. The startup has seen significant growth in the past months with improved economics for the business. The startup had raised funding last February.
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The online furniture startup Pepperfry has raised Rs 35 crore in debt capital raised by the venture debt firm InnoVen Capital. The startup has seen significant growth in the past months, with improved economics for the business. The startup had raised funding last February.
Neelesh Talathi, CFO, Pepperfry said in the press statement, “We are pleased to deepen our partnership with InnoVen Capital. We remain focused on expanding Pepperfry’s leadership position in the Indian furniture and home ecommerce. Our business has seen strong momentum through Covid and we continue to make good progress towards achieving profitability and managing cash fl
Read more about Pepperfry secures Rs 35 crore in fresh funding from InnoVen Capital on Business Standard. This is the third investment by InnoVen Capital in Pepperfry since 2017