Tuesday, 3 June, 2025
Pepperfry Raises ₹43.3 Crore from Existing Investors to Boost Growth Amid IPO Delay
Omnichannel furniture retailer Pepperfry has secured ₹43.3 crore in fresh funding from existing backers, including Norwest Venture Partners, Goldman Sachs, General Electric Pension Trust, Growth Equity Opportunity Fund and Panthera Growth Partners. General Electric Pension Trust led the round with ₹21.5 crore, followed by Norwest at ₹8.5 crore and Panthera at ₹6.4 crore. The capital was raised through the issuance of approximately 5.6 lakh compulsorily convertible preference shares at ₹775 each.
Read full story at Economic Times