Indian kids' furniture segment is growing at a steady rate of 20 percent year-on-year and is estimated to be a Rs 7,000-10,000 cr market.
After a little more than a decade, IKEA has probably understood one thing about India – it needs to be flexible to do business in a nation with 1.3-billion population.
The company estimates that its home brand in total will fetch revenue of around Rs 3,000 crore to the total business by end of next financial year.
After a euphoria of the initial four-five years, the investors can be seen getting wary of the segment or atleast they've holed up themselves into a wait and watch mode.
Pepperfry pioneered the omni-channel model in the home and furniture industry in 2014 through the launch of its first Studio in Mumbai
The company aims to touch a GMV (gross merchandise value) of $1 billion by March 2021 as it scales up its operations across metros and tier I and II cities.
The home and furniture products marketplace expects its house brands to drive business
The funds will be deployed to strengthen the supply chain of the company, double the number of experience centres and invest in developing augmented reality technology.
It also hopes to turn profitable next year with a GMV of Rs 2,000 crore, as it plans an aggressive expansion in its offerings as well as in physical footprint.
The six-year-old marketplace, which also sells other brands like Hometown, Godrej and Neelkamal among others, apart from its own private labels, has set a target of Rs 1,400 crore of gross merchandise value (GMV) this year.
The online furniture retailer may plan an IPO in a year and a half, company CEO told Moneycontrol
Pepperfry, the largest online furniture and home product marketplace, has set a target of achieving breakeven over the next three years when the five-year-old startup expects a GMV of around Rs 3,500 crore.
It seems that the companies are virtually buying customers by offering huge discounts to them without any regard to business profitability.
If consumer demand fails to pick-up in the next six months due to demonetization and companies fail to raise big rounds, it will mean a spate of layoffs in Indian e-commerce.
The startup will use the funds to expand its experience centres and footprint by 2017-end, said Founder and Chief Executive Ambareesh Murthy. The company will also use the funds in brand-building and technological upgrades.
Pepperfry.com, India’s No.1 Furniture and Home marketplace is using a leading edge heuristic algorithm for logistics and supply chain ...
Pepperfry.com, India’s No.1 Furniture and Home marketplace has introduced ground breaking virtual reality tours of its Pepperfry Studios in ...
Pepperfry.com, India’s No.1 Furniture and Home marketplace today announced that it would deliver furniture in Mumbai within 24 hours at no ...
In a first-of-its-kind initiative by any furniture company in India, Pepperfry.com - India’s No.1 Furniture and Home Products Marketplace has ...
FabFurnish competes with well-funded startups such as Urban Ladder, Pepperfry and Livspace besides horizontal e-tailers like Amazon, Flipkart and Snapdeal. This would be Rocket Internet's maiden exit from an Indian portfolio firm.
Snapdeal's Co-Founder Kunal Bahl believes the government is finally clearing the bottlenecks, which will impact positively for Indian market.
With pure-play B2C success under its belt, EasyFix -- India’s pioneering maintenance and repairs service provider – is set to dominate a ...
At a panel discussion at the TiECON Mumbai 2016, founders of PepperFry and FirstCry criticised the approach by large horizontal firms that sell millions of products across categories.
Online furniture market place Pepperfry has extended its Last Mile Delivery (LMD) service to 400 cities across the country.
Companies are realising that for a lot of product segments like apparel, spectacles and jewelry, customer acquisition can increase with a physical store.