Competition and Industry News
A Pepperfry investor believes the company will be ‘IPO ready’ in 2 yearsedit
Eight-year old online retailer of furniture and home products, Pepperfry, has been one of the market leaders in its segment in India. And now, one of its longtime investors believes the company may be ready for an IPO in two years. In an exclusive interview with Business Insider, Pankaj Makkar, Managing Director, Bertelsmann India Investments, who invested in Pepperfry in 2014, said that they are in no hurry to exit from the startup as it’s doing really well.
Publication: Business Insider (Online)
Date: April 5, 2019
IKEA Restaurants: Have they tasted success in India?edit
Swedish furniture major IKEA, which has recently opened its 400,000 sq. ft. debut outlet in India, features a 1,000-seater restaurant, the brand’s largest in the over 400 stores it has globally. So, why does a furniture giant–and an immensely successful one at that–have restaurants? The idea behind offering food options was that once you feed customers, they stay for longer.
Publication: Food Service India
Date: April 5, 2019