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April 02, 2013

Deal Alert: Pepperfry.com raises $8-M in second round from NVP

Pepperfry.com, an online lifestyle store run by Mumbai-based Trendsutra Platform Services Pvt. Ltd, has raised $8 million from Norwest Venture Partners (NVP) in its second round of funding. The proceeds would be used for increasing the number of offerings at the website and for setting up more fulfilment centres in Kolkata, Bangalore and Chennai. Currently, the company has fulfilment centres in Jodhpur, Mumbai and Delhi.

In its first round, the company had raised $5 million from NVP in December 2011. 

Source: Mint

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