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.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Pepperfry||Mumbai||40 million||Series F||Pidilite Industries||-||E-Commerce|
|FirstCry||Pune||300 million||Series E||SoftBank||-||Retail|
|WayCool Foods||Chennai||32 million||Series C||Lightbox||FMO, LGT Lightstone Aspada, InnoVen Capital||AgTech|
|Byju's||Bengaluru||200 million (reported)||PE||General Atlantic||-||EdTech|
|Altor||Kolkata||-||-||Venture Catalysts||-||Consumer Goods|
|PetPooja||Ahemdabad||2 million||Series A||Udaan||-||Technology|