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Furniture marketplace Pepperfry raises Rs 43.3 crore in funding: Report

  • Pepperfry, the omnichannel furniture marketplace, raised Rs 43.3 crore in fresh funding from existing investors like General Electric Pension Trust and Norwest Venture Partners.
  • The funding round included contributions from various shareholders, with General Electric Pension Trust leading with Rs 21.5 crore, followed by Norwest and Panthera.
  • Approximately 5.6 lakh compulsorily convertible preference shares were issued at Rs 775 each to raise the funds, as per regulatory filings.
  • The funds are expected to be utilized for growth initiatives, geographic expansion, and general corporate purposes as Pepperfry continues its marketplace operations and explores new revenue streams.

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