Pepperfry gets Rs 35 crore infusion from Innoven Capital: Report
Pepperfry saw “strong growth” through the COVID-19 pandemic and is on track to profitability. February 12, 2021 / 09:20 AM IST
Venture debt fund Innoven Capital has infused Rs 35 crore into Pepperfry – its third investment in the online furniture retail platform.
“The funds will be used to increase our footprint across the country and capitalise us even beyond achieving profitability,” Neelesh Talathi, CFO, Pepperfry told The Economic Times.
Notably, the company saw “strong growth” through the COVID-19 pandemic and is on track to profitability.
It saw a 26 percent revenue jump in FY20, and also slashed losses by 33 percent, as per filings sourced by Tofler (business intelligence platform), the report said.