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PEPPERFRY LOSSES
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...- 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...
- Pepperfry puts IPO plans on hold, to focus on growth revivalPepperfry, an omnichannel furniture retailer, has pushed its public listing plans, as the company aims to bring growth and profitability in...
- Omnichannel furniture retailer Pepperfry reduces losses to Rs 187.6 crore, revenue up 10% in FY23Pepperfry had recorded operating revenue of Rs 246.9 crore in FY22, marking a 23% growth over FY21.
- Pepperfry elevates cofounder Ashish Shah to CEO following demise of Ambareesh MurtyAshish, who cofounded the company alongside Murty in 2012, brings with him a wealth of experience spanning two decades in the Indian ecomme...
- Pepperfry to file draft IPO papers next quarter; FY22 revenue surpasses pre-covid levelsPepperfry has appointed investment banks JP Morgan and ICICI Bank to lead the IPO effort.
- Pepperfry rejigs structure for IPOThe partners are also shaping the company’s board composition, roping in independent directors, to meet local capital market laws. Rules re...
- Furniture etailer Pepperfry rejigs structure, aims to raise $300 million from IPOPepperfry seeks to raise as much as $300 million via sale of new stock as well as a secondary offering of shares.
- Pepperfry eyes $250-300 million IPO filing this year: CEO Ambareesh MurtyPepperfry, which reported a 10% drop in revenue in FY21 due to the Covid-19 pandemic, has seen good recovery in sales and is expected to cl...
- Pepperfry gets Rs 35 crore more from InnoVen CapitalPepperfry’s business witnessed strong growth momentum through the pandemic and the company is on track to achieve profitability, CFO Neeles...
- Pepperfry to aggressively add local furniture players now to expand supplyThe Mumbai-based startup is currently in talks with local furniture players in the country. It is looking to add 8-10 new partners every mo...
- Pidilite leads $40m round in PepperfryPepperfry may see another up to $40 million capital infusion over the next few months, said a senior executive at the online furniture reta...
- Existing investors plan $100-m pep pill for PepperfryLikely fund infusion from Goldman, Norwest & Bertelsmann to help co step up offline play.
- Pepperfry narrows losses improving margins on the back of private labels, new business linesThe India’s online homeware and furniture retail market, it is expected to cross $1.1 billion in revenue this year, up from about $900 mill...
- Pepperfry FY18 losses narrow to Rs 169 croreTrendSutra Group of Companies, which operates under the Pepperfry brand, had posted losses of Rs 248.50 crore in FY2017.
- Furniture etailers move on to newer revenue channels from discountingFY17 is reflective of these efforts as both Urban Ladder and Pepperfry have managed to trim losses while growing revenues weeding out unnec...
- 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...
- Offline growth helps lift Pepperfry’s topline, losses come down 17%The firm is looking to open another 25 studios by the end of FY18.
- Pepperfry loss jumps three-fold in 2014-15The Mumbai-based company is an aggregator of furniture sellers and nets around 93% of its revenue from commissions.
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