Online furniture startup Pepperfry raised Rs35 Cr in debt capital from venture debt firm InnoVen Capital, as it has already seen significant growth in the past months, with improved economics
Neelesh Talathi, CFO, Pepperfry said in the press statement, “We are pleased to deepen our partnership with InnoVen Capital. We remain focused on expanding Pepperfry’s leadership position in the Indian furniture and home ecommerce. These funds will be used to increase our footprint across the country and capitalise us even beyond achieving profitability.”
As of October 2019, the team worked 10,000 sellers, out of which 3,500 sellers get orders every month. Pepperfry had over 22 distribution centres present in most capital cities, and it also works across 500 cities.