Pepperfry will turn profitable by end of FY24: CEO Shah

Online furniture and home décor marketplace, Pepperfry will turn profitable in the next 3-4 months having reduced cash burn over the past year by over 50%, co-founder and CEO, Ashish Shah told Fe in an interaction.

Shah said that despite the entry of several other players in home furniture space, Pepperfry continues to be the largest omnichannel player in the in the country with a 30% market share.

Going forward the company will look to build on its assisted buying feature that utilise technological solutions, as well as doubling on trained staff that deal with niche requirements.