Pepperfry, the online furniture startup has raised Rs 35 crore in debt capital raised by the venture debt firm InnoVen Capital. The startup has seen significant growth in the past months, with improved economics for the business. The startup had raised funding last February.
In Pepperfry, this is the third investment by InnoVen Capital, which it had first funded in 2017. The startup claims to have a managed marketplace model, where it helps thousands of entrepreneurs and merchants sell to millions of discerning customers across India and the world.
