Retail Franchise Opportunities Gets Expanded with Pepperfry
Pepperfry, a Mumbai-based online furniture marketplace has raised Rs 210 crore (approx 31million) in fresh funding from existing investors Goldman Sachs, Bertelsmann India Investments, Norwest Venture Partners and Zodius Technology Fund, as it looks to expand into tier 2 and tier 3 towns in India. The company plans to open 15 experience centres (offline stores) in key cities. This would definitely help them break barriers of shopping for high-value items like furniture online and expand the retail business in India.
Pepperfry is looking to extend its offline presence with Pepperfry Studio stores in smaller Indian towns and cities. The company's mission is to help 20 million customers' create beautiful homes by the end of 2020. They are able to do this through a differentiated, profitable business model and I thank our investors for believing in the team and for being great partners on this journey.
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