Indian online home and lifestyle shopping store platform Pepperfry, owned by rival TrendSutra Group, is nearing to collect further $100 million to expand its offline presence and diversify its footprint to other markets.
Pepperfry will raise the funds from U.S.-based private equity (PE) firms Goldman Sachs PE, Norwest Venture Partners and Bertelsmann India Investments.
Further, Pepperfry will also seek to enter the home renovation and modular furniture segment and is targeting 50 to 70 such outlets by the end of 2019.
Since inception, Pepperfry has completed about $197 million in funding so far. In the fiscal year 2018, TrendSutra booked $43.6 million in revenue.