Pepperfry

Pepperfry

Digital marketplace platform providing a wide range of home products across multiple categories

Founded

2011

Headquarters

Mumbai (India)

Status

Series F

Company Details

Pepperfry is one of India’s largest online marketplace platforms for furniture and home décor, renowned for transforming the country’s home and lifestyle shopping experience. Operates across India through a robust omnichannel strategy. The company serves customers in over 500 cities, combining digital convenience with offline experience through its extensive network of company-owned and franchise studios.

Core Products & Services

  • Furniture: Sofas, beds, wardrobes, dining tables, recliners and more

  • Home Decor: Wall art, lighting, rugs, kitchenware, storage solutions

  • Office Furniture: Desks, chairs, workstations

  • Private Labels: Exclusive brands like Woodsworth, Mintwud and CasaCraft

  • Home Interior Solutions: Modular kitchens, wardrobes and commercial fit-outs (via Brandmakerr acquisition).

  • Furniture Rentals: Flexible rental options for urban professionals and students

Unique Value Proposition

  • Omnichannel Experience: 43 company-owned and 142 franchise studios across India, allowing customers to experience products before purchase.

  • Asset-Light Marketplace: Aggregates 10,000+ sellers and 50,000+ products without heavy inventory investment.

  • Tech-Driven Innovation: Augmented reality (AR) features, robust logistics (PepCart) and a user-friendly app and website.

  • Quality & Trust: Rigorous seller onboarding, high-quality standards and reliable delivery

Business Model & Revenue Streams

  • Marketplace Commissions: Core revenue comes from commissions (8–20%) on sales by third-party sellers and manufacturers listed on the platform.

  • Private Label Sales: In-house brands like Woodsworth and Mintwud offer higher margins and exclusive collections, driving repeat purchases and brand loyalty.

  • Furniture Rentals: Pepperfry rents out furniture to urban consumers, students, and professionals, generating recurring revenue and tapping into the sharing economy.

  • Home Interior Projects: Through its Brandmakerr acquisition, Pepperfry forays into B2B commercial fit-outs for retail, hospitality and corporate clients.

  • Studio Franchise Fees: Franchisees pay fees and share revenue for using the Pepperfry brand and platform in offline studios.

Customer Segmentation

  • B2C: Urban and semi-urban homeowners, renters, students and professionals seeking quality furniture and home décor.

  • B2B: Businesses, hotels, restaurants and institutional clients for commercial interiors and bulk orders.

Growth Strategy

  • Omnichannel Expansion: Targeting 150 cities with new studios, blending online convenience with offline touchpoints for high-involvement purchases.

  • Product Innovation: Launching exclusive private labels, AR shopping tools and expanding into home interiors and commercial fit-outs.

  • Brand Partnerships: Collaborating with leading brands and D2C players to diversify offerings and attract new customer segments.

  • Technology Investment: Enhancing digital experience, logistics and last-mile delivery for seamless customer journeys.

  • Sustainability & Customer Experience: Investing in eco-friendly products and superior customer service to build loyalty and trust.

Key People

Ashish Shah

Shubbam Sharrma

Sanjay Netrabile

Key Metrics

Total Equity Funding

$305 Million

No. of Funding Rounds

12

Latest Funding Round

$5.1 Million, Equity

as of June 2, 2025

Post Money Valuation

$367 Million

as of June 2, 2025

Funding Multiple

1.2

as of June 2, 2025

Investors

Norwest Venture Partners

and 3 more

Employee Count

1198

Similar Companies

iDecorwala

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
June 2, 2025Equity$5.1 Million$367 Million--General Electric Pension Fund, Norwest Venture Partners, Goldman Sachs, Panthera Growth Partners
July 19, 2023 Series F$23 Million$375 Million$32.5 Million 10.5x Norwest Venture Partners, Pidilite Ventures, Ananta Capital, Panthera, Bujorjee Family, Mukesh Sharma Family Trust, Vedantam Family, Aarin Capital, Broad Street Investment, Erste Wv Gutersloh, Brandon Capital
February 10, 2020Series F$40 Million-$34 Million- Pidilite Ventures, Norwest Venture Partners, Vedantam Family, Bertelsmann India Investments
March 7, 2018Series E $38.5 Million-$21.8 Million- Bertelsmann India Investments, Norwest Venture Partners, Zodius
September 21, 2016Series E $31.3 Million$280 Million $17.5 Million13.9x Norwest Venture Partners, Zodius, Bertelsmann India Investments
July 27, 2015Series D $100 Million-$7.8 Million- Zodius, Norwest Venture Partners, Bertelsmann India Investments
May 27, 2014Series C $16.2 Million-$1.7 Million- Bertelsmann India Investments, Norwest Venture Partners
April 2, 2013Series B $8 Milllion---Norwest Venture Partners
December 12, 2011Series A $5 Million--- Norwest Venture Partners

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