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PEPPERFRY REVENUE DECLINE
Spacewood in talks to close Rs 300 crore financing from A91If successful, this financing could push Spacewood's worth to about Rs 1,200 crore. This funding is set to spearhead Spacewood’s ambitious ...- Realty services company TCC Concept to acquire PepperfryFounded in 2012, Pepperfry competes with ecommerce majors such as Amazon and Flipkart, as well as Reliance-backed Urban Ladder. The company...
- IIT placements gain steam; SoftBank's Vision Fund layoffsRecruiters flock to IITs as placement season kicks off. This and more in today's ETtech Top 5.
- Furniture retailer Pepperfry raises Rs 43 crore from existing investorsPepperfry has secured Rs 43.3 crore in funding from existing investors like Norwest Venture Partners and Goldman Sachs. This infusion follo...
- Pepperfry's revenue drops 31% in FY24; losses narrow by 37%The furniture and home goods company’s total expenses fell to Rs 326.7 crore from Rs 474 crore in FY23. Advertising and promotional costs n...
- Byju’s term loan gets more expensive; MPL lays off 350 post GST hitByju's quest to settle the $1.2 billion TLB feud might come at a steeper price. The embattled edtech firm might have to pony up an addition...
- Lingerie brand Zivame plans $50 million fundraise, eyes $200 million valuationZivame, with a revenue of 140 crore in FY19, is expected to cross 250 crore in revenue in FY20.
- Lenskart set to turn unicorn with likely $350 mn SoftBank fundingEyewear retailer sees huge increase in valuation from $460-470 million earlier.
- Existing investors plan $100-m pep pill for PepperfryLikely fund infusion from Goldman, Norwest & Bertelsmann to help co step up offline play.
- GreyOrange gets $140 million from Thiel’s fund, MitsubishiGreyOrange, founded by BITS-Pilani graduates Samay Kohli and Akash Gupta, produces up to 1,500 robots a month and has R&D centres in the US...
- Online mattress company, Wakefit, in talks to Sequoia for fundsOnline mattress firm in discussion with two other VC funds; total target Rs 40 crore.
- Pepperfry raises Rs 250 crore from US-based State Street Global AdvisorsWith this Pepperfry has raised over Rs 1200 crore (about $197 mn) since inception, 6 years ago, making it the most funded startup in the fu...
- Step up for Urban Ladder as revenues climb 22%The company, which started out as a marketplace in 2012, recently transitioned into a furniture brand by procuring a single-brand retail tr...
- Flipkart eyes Pepperfry for strategic investmentFlipkart soft-launched its grocery business last week and re-launched its furniture business in September, after having ventured briefly in...
- Indian ecommerce turns into a two-horse race as smaller players face likely wipeoutAs VC funding slows to a trickle and global giants step up their investments, most online segments are quickly becoming a battle of two big...
- Online baby products seller FirstCry to acquire BabyOye for Rs 362 croreFirst-Cry will acquire the unit of $18 billion software-to-automobiles congolmerate Mahindra & Mahindra, which in turn will invest in the P...
- Etailers like Lenskart, Pepperfry scaling up physical presence to close in on brick-&-mortar storesMore importantly, building a physical presence helps these retailers tap those millions of customers who are still uncomfortable shopping o...
- Flipkart eyes on becoming India’s largest furniture retailer by year endFlipkart sets an ambitious target of 15-fold growth in this high-value category, which also promises to deliver healthy profits.
- Flipkart set to boost its GMV to Rs 76,000 crore in 9 months to a yearIndia’s most valuable online marketplace is adding high-margin categories such as furniture, homes and travel booking and sharpening its st...
- Kishore Biyani in talks with Flipkart and Amazon to sell 49% stake in Future Supply Chain SolutionsBiyani's discussion with Flipkart and Amazon is interesting since these e-commerce giants already have their own delivery networks in eKart...
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