Online furniture and home decor retailer Pepperfry is looking to raise anywhere between $150-200 million to fund its offline store and product expansion, Ashish Shah, founder and COO, told FE. Since it set shop in 2011, the retailer has raised close to $200 million. Pepperfry’s losses at Rs 106.72 crore in the year to March 2018 were only slightly short of the revenues of Rs 128.51 crore. In 2016-17, losses totalled Rs 128.89 crore, higher than the revenues of Rs 114.98 crore. However, the company reported an operating profit of Rs 97.4 crore in 2017-18, higher than the Rs 88 crore reported in 2016-17.

Publication: Financial Times (Online)

Date: March 7, 2019