State Street Corporation has invested $38.5m in Bertelsmann-backed e-commerce platform Pepperfry, taking its total funding to almost $200m.
Pepperfry, an India-based home furnishings product retailer backed by media group Bertelsmann, has received $38.5m in funding from investment manager State Street Corporation, Inc 42 has reported.
Pepperfry operates an e-commerce marketplace that sells products such as furniture, cookware, appliances, lighting equipment and bedroom and bathroom fittings. It has about 400,000 registered users.
The company has now raised approximately $199m in funding in total. Its early funding came from venture capital firm Norwest Venture Partners (NVP), which then joined Bertelsmann…
