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

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 that is turning profitable,” Murty told Business Standard.