Competition and Industry News
Sequoia Leads $9 Mn Funding Round In Mattress Maker Wakefitedit
Of India’s total $18 Bn (INR 1,294,06 Cr) furniture market, 85-90% is unorganised and offline. Here, online furniture retailers like Urban Ladder, Furlenco, and Pepperfry cater to just 2% of the market.
Publication: Inc42 (Online)
Date: December 11, 2018
Pepperfryurban ladderPepperfry confident of posting operational profit in 18 monthsedit
Online furniture retailer Pepperfry expects to be EBITDA-positive over the next 18 months. The company is also actively exploring an overseas foray.
Publication: The Hindu Business Line (Online)
Date: December 11, 2018
PepperfryFlipkart to invest in furniture, groceries; claims to be a market leader in e-commerceedit
Walmart-controlled online retailer Flipkart has transaction growth of more than 80% in some months as e-commerce is booming again in the country, and the company plans to push newer categories such as furniture and groceries over the next three years.
Publication : LiveMint (Online)
Date: December 12, 2018