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 mon
KARACHI. KAZINFORM -Pakistan on Friday confirmed that the «Indian strain» of the coronavirus – a «double-mutant» variant – was detected in the country, Anadolu Agency reports.
Speaking to France24, Ramaphosa said SA was ready for a new wave of infections, should it come.
“We’ve been seeing the emergence of what we think could be a third wave coming through,” he said.
“We are watching it very closely. If it comes, we are ready. We are gearing up a whole number of measures. The issue of a lockdown is something that will only be looked at, depending on the severity of the third wave.”
Proposed measures
The SA Alcohol Policy Alliance (Saapa) has proposed 10 measures for the government to avoid a complete ban.
The measures include restricting access to alcohol, banning all alcohol advertisements except at point of sale, banning special reduced price offers for alcoholic beverages, and reducing the number of people at gatherings to 50 indoors and 100 outdoors.
LONDON: People of Bangladeshi and Pakistani ethnic backgrounds in England have had higher mortality rates during the second wave of Covid-19 than the first, while other ethnic groups have seen a.