 "Representative Image")
Online furniture platform Pepperfry has raised $38.5 million (Rs 2.5 billion) from State Street Global Advisors, the asset management business of State Street Corporation.
State Street Global Advisors joins Norwest Venture Partners, Bertelsmann India Investments, Zodius Capital and Goldman Sachs, which have previously invested in Pepperfry. Including this current round, Pepperfry has raised over Rs 12 billion of capital since it began operations six years ago.
This is the highest amount of capital raised by an e-commerce furniture and home products company in India till date. Last week, Pepperfry’s closest rival Urban Ladder raised Rs 778 million from
State Street Global Advisors joins Norwest Venture Partners, Bertelsmann India Investments, Zodius Capital and Goldman Sachs, which have previously invested in Pepperfry. Including this current round, Pepperfry has raised over Rs 12 billion of capital since it began operations six years ago.
This is the highest amount of capital raised by an e-commerce furniture and home products company in India till date. Last week, Pepperfry’s closest rival Urban Ladder raised Rs 778 million from
