As discretionary spending took a hit during the lockdown, online furniture retail was impacted. Pepperfry, which has omnichannel presence, said it has grown stronger post the pandemic, and is on the cusp of turning profitable. Data by RedSeer Consulting shows the online furniture market in India grew at an annual average pace of approximately 80-85% to touch $700 million in 2019-20. But online has less than 3% share in the overall furniture market pegged at $17 billion. In an interview, Ambareesh Murty, co-founder and CEO, Pepperfry spoke about plans to go public, growth and profitability and the importance of omnichannel retail. Edited excerpts:
End the Year with a Deal You Can’t Miss!
Subscribe now and save 40% on our premium subscription.
Enjoy unlimited access for a full year at just $199 (usual price $339).
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Offer valid for a limited time – don’t wait to unlock the insights that drive deal-making in Asia!
Subscribe nowAlready a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
