Tuesday, July 28, 2015

@Pepperfry raises $100 million from Goldman Sachs and others

Pepperfry.com has raised a Series D round of $100 million from Goldman Sachs, Zodius Capital and existing investors Bertelsmann India Investments and Norwest Venture Partners. Pepperfry.com is India's largest managed marketplace in the furniture and home goods category and has served more than 2 million customers in 300+ cities. This is the largest round of investment to be raised a vertical focused Indian e-commerce player.
Pepperfry.com will use the funds to expand its logistics footprint, open new distribution centers, and expand its carpenter and assembly services network. Pepperfry will also use the funds for hiring, improving the mobile experience, and expanding the Pepperfry Experience Center.Avendus Capital was the exclusive financial adviser for this transaction.