Indian furniture platform Pepperfry raises $4.8m debt from InnoVen Capital
Photo: Unsplash
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.
[Jobs Roundup] Work with online furniture startup Pepperfry with these openings
Online furniture startup Pepperfry recently raised Rs 35 crore in debt capital from venture debt firm InnoVen Capital. The startup has seen significant growth in the past months, with improved economics for the business.
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Online furniture startup
Pepperfry on Friday announced it raised Rs 35 crore in debt capital from 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 the startup is focused on expanding its leadership position in Indian furniture and home ecommerce.
ETtech Morning Dispatch on Feb 12, 2021: Swiggy’s war chest against Zomato, Crypto under threat in India
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