·
Pepperfry has renamed itself as Pepperfry Limited
following the conversion
·
Pepperfry claims to run about 73 showrooms and more
than 140 studios via its franchise model
·
Pepperfry further asserts that 35% of its sales
volume comes from studios
Ahead of its upcoming IPO, online furniture
marketplace Pepperfry has converted into a public entity. As per the
regulatory filings, Pepperfry’s board has passed a resolution to convert the Mumbai-based
online furniture startup into a public company.
The startup has renamed itself as Pepperfry Limited
following the conversion. It will go for IPO in the second half of 2022.However,
it may delay its IPO plans after watching the poor performance of new-age
startups including Paytm, Zomato and Nykaa on the bourses.
Founded in January 2012 by Ambareesh Murty and
Ashish Shah, Pepperfry sells a wide range of furniture and other home products
including mattresses, dining and bar furniture, carpets, appliances, garden and
outdoor, among others on its website. It also has an offline presence through
its franchise model.
Pepperfry claims to run about 73 showrooms and more
than 140 studios via its franchise model. It further asserts that 35% of its
sales volume comes from studios.
Courtesy: www.inc42.com
