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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. 0 claps 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 Want this newsletter delievered to your inbox? SUBSCRIBE We ll soon meet in your inbox. / Newsletters Good morning, Before we begin, Koo, the Made-in-India Twitter clone, is already fighting allegations that its app leaks private data of its users. On the plus side, it has new, non-Chinese, investors. But today’s top story is Swiggy, or rather the giant chunk of change that’s about to land in India from Qatar, Singapore and others. Elsewhere, we take a closer look at the government’s long-and-widely rumoured plan to ban all “private” cryptocurrencies in India while launching its own “public” i.e., state-owned version at the same time. But the difference between “private” and “public” crypto isn’t simply one of ownership. The two are actually two very different things in practice. ....