India Deal Monitor: Pepperfry raises $40m and more updates

Pidilite Industries, the maker adhesive brand Fevicol, has led a $40 million funding round in online furniture retailer Pepperfry, per media reports.

The funding for Pepperfry comes almost two years after it raised Rs250 crore from US-based investor State Street Global Advisors to consolidate its lead in furniture retail, by expanding its offline presence and logistics network. Prior to this, it raised funding in 2016.

According to a Mint report last September, the company is also gearing up for an initial public offering (IPO) in 12-15 months. Pepperfry has more than 4.5 million registered users and 58% of its transactions come from repeat buyers.

INDIA DEAL MONITOR

Here are some prominent venture capital transactions in India from February 6-February 10.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
PepperfryMumbai40 millionSeries FPidilite Industries-E-Commerce
FirstCryPune300 millionSeries ESoftBank-Retail
WayCool FoodsChennai32 millionSeries CLightboxFMO, LGT Lightstone Aspada, InnoVen CapitalAgTech
Byju'sBengaluru200 million (reported)PEGeneral Atlantic-EdTech
AltorKolkata--Venture Catalysts-Consumer Goods
PetPoojaAhemdabad2 millionSeries AUdaan-Technology

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.