Shadine Taufik · · 1 min readIndian furniture retailer Pepperfry acquires interior solutions firm
Pepperfry, an India-based online furniture retailer, has acquired Brandmakerr, an interior solutions company, for an undisclosed amount, Mint reported.
Following this deal, the latter’s founder, Rahul Kapuria, will act as vice president of Pepperfry. He will take up business solution duties for civil and commercial interior design as well as turnkey solutions.
With the acquisition, Pepperfry will be commercially fitting out banks, retail firms, hotels, cafes, and restaurants.
Brandmakerr was founded in 2014, scoring projects across 21 cities in India. Its clients include Amazon, Hamleys, Starbucks, Pizza Hut, Domino’s, and KFC.
Pepperfry was established in 2011 by Ambareesh Murty and Ashish Shah. To date, it has raised a total of US$285.3 million, with backers such as InnoVen Capital, Bertelsmann, Goldman Sachs, and Norwest Venture Partners. The firm had reportedly intended to file for an IPO in the first half of 2022, aiming to raise pre-IPO funds before the year’s end. However, the firm is yet to file for a public listing.
See also: The Amazon of home decor eyes profits for SG unit after breaking even in India
Editing by Samreen Ahmad and Arpit Nayak
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
