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PepperFry may go for two more funding rounds before IPO, says CEO

This includes a $20-30 million one in equity financing in the next six months, said its cofounder and chief executive officer (CEO) Ambreesh Murty

PepperFry
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Yuvraj Malik Bengaluru
Ahead of its proposed initial public offering (IPO) in FY21, Pepperfry, India’s largest online furniture brand, may look at two more rounds of funding.

This includes $20-30 million in equity financing in the next six months, said co-founder and CEO Ambreesh Murty.

The Mumbai-headquartered firm, which reported FY18 sales of Rs 308 crore, is working towards profitability and hopes to achieve the milestone sometime in the next financial year. 

“We have established a fairly clear leadership for ourselves in the segment and now is the time for us to start bringing in margin structures more in line with a business

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First Published: Sep 28 2019 | 10:46 PM IST

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