Indian Furniture Retailer Pepperfry Bags $4.8M In Debt Funding From InnoVen Capital

Online furniture retailer Pepperfry has raised 350 million rupees (US$4.8 million) in debt funding, according to a statement by the company.

 

More funding details

 

  • Returning investor: InnoVen Capital, which has already made two previous investments in the company

 

More company updates

 

  • Funds raised from the financing round will be used to increase Pepperfry’s footprint across India and help the company in its path toward profitability.
  • The company claims to have seen significant growth in the past few months with improved economics for its business.
  • InnoVen Capital has backed over 180 startups, including Byju’s, Swiggy, Oyo Rooms, CureFit, Eruditus, and Dailyhunt, among others.

South Africa Today


Read more at VolaNews


Source link