Goldman Sachs-backed Pepperfry’s net loss grew 83% in FY22

Goldman Sachs-backed e-commerce firm Pepperfry reported ₹264-crore total revenue in FY22 as its net loss increased by 83 per cent to ₹194 crore from ₹106 crore net loss recorded in FY21.

The company attributed its losses to “sizable one-time investments made towards marketing and supply chain”. Pepperfry is reportedly eyeing a $250-300 million public listing by 2023 and is expected to file its draft red herring prospectus (DRHP) in the October-December quarter. Click here to continue reading

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Goldman Sachs-backed Pepperfry’s net loss grew 83% in FY22