Pidilite Industries led a $40m round for Pepperfry that included existing backer Bertelsmann, lifting the furniture retailer's overall funding to $235m.
India-based online furniture marketplace Pepperfry has received $40m in a series F round led by adhesives manufacturier Pidilite Industries, the Economic Times reported today.
The round included Bertelsmann India Investments, a local corporate venturing vehicle for media conglomerate Bertelsmann, and investment bank Goldman Sachs, along with venture capital firm Norwest Venture Partners (NVP) and asset manager State Street Advisors.
Founded in 2011, Pepperfry runs an online marketplace and a network of brick-and-mortar stores that sells items such as furniture, mattresses,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
