Pepperfry plans to manufacture its own furniture

IPO-bound Pepperfry mulls getting into furniture manufacturing by the end of this year or early next year, said a top official. Pepperfry, which plans to raise $250-300 million through the IPO, plans to use the proceeds towards entering new markets and categories along with focusing on inorganic growth in the manufacturing and B2B segment.

The eCommerce furniture and home goods company has said it will file its Draft Red Herring Prospectus (DRHP) in the next few months. Speaking to BusinessLine, Ashish Shah, Co-Founder and the Chief Operating Officer of the company, said: “We will file our DRHP within the next month or so, and see how the market plays out post that.” Click here to continue reading

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Pepperfry plans to manufacture its own furniture