Online furniture retailer Pepperfry has raised 350 million rupees (US$4.8 million) in debt funding, according to a statement by the company.
- Returning investor: InnoVen Capital, which has already made two previous investments in the company
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- 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.
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