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India’s Online Furniture Start-up Losses Soar

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Online furniture store Pepperfry is soaring in its losses, company witnessed a 3 fold loss of INR 8.8 billion in 2014-15 compared to previovs fiscal. Pepperfry saw its expenditure going up from Rs 37 crore in 2013-14 to Rs 114 crore in the following year. Its founder and CEO Ambareesh Murty expects profits in next 12-18 months.

Pepperfry was founded in 2011 and has so far received $128 million from various investors, including Goldman Sachs. Other investors include Bertelsmann India and Norwest Venture Partners. Read more

Sweekar S

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Website: http://blog.tonsetelecom.com/

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