Pepperfry.com raises $15 mn from Bertelsmann India Investments

Pepperfry's current investors, Silicon Valley-based Norwest Venture Partners has also participated in this round

Pepperfry.com, the furniture and home products marketplace, has raised $15 million funding led by Bertelsmann India Investments (BII), the strategic investment arm of the international media company Bertelsmann in India. Pepperfry’s current investors, Silicon Valley-based Norwest Venture Partners (NVP) has also participated in this round. Pepperfry had earlier raised $13 million from NVP in previous rounds of funding.
 
Ambareesh Murty, Founder & CEO of Pepperfry.com said, “Our vision is to be India’s one stop shop for Furniture and Home products and we have focused on leveraging our in-depth category expertise to establish the merchandising and supply chain infrastructure required to fulfill this vision.”

 
Bertelsmann India Investments (BII), the strategic investment arm of Bertelsmann SE & Co. KGaA in India, focuses on investments in the digital, education, media and services sectors. Bertelsmann is an international media company whose core divisions encompass television (RTL Group), book publishing (Penguin Random House), magazine publishing, services (Arvato), and printing (Be Printers) in some 50 countries.