Pepperfry raised $40 million from Fevicol maker Pidilite

Pidilite Industries, which makes Fevicol has invested $40 Mn in Mumbai-based online furniture & home products marketplace Pepperfry.

The company revenue grew 47% to INR 206.7 Cr, where expenses noted a hike of 71% to INR 390.2 Cr & losses increased by 72% to INR 183.48 Cr, Now looking to achieve a billion-dollar gross merchandise volume (GMV) by 2021

Pepperfry has 67 studios, including both owned and franchise, across 24 Indian cities & for every INR 100 of product that it sells, the company makes close to INR 25.

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