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Em 6957
Em 6957
•2011- Ambareesh Murthy & Ashish Shah came up with the idea
• Jnuary 2012- launched and grown
•February 2017- achieved milestone of serving 4 million customer orders.
•Has more than3.8 million registered users, 17 fulfillment hubs
•Delivers more than 50 cities, sells a product every 25 seconds.
•Gets more than 5 million visitors every month.
PRODUCTS / SERVICES
• Furniture
• House decor
• Furniture rentals
• Try and buy sofas
• Furniture exchange
COMPANY STRUCTURE
• Started rearranging its business structure while gearing up for its debut on the
stock exchanges.
• The founders have redomiciled pepperfry from Cayman Island to Mumbai.
• Founders had planned to list it in US and registered the startup in Cayman
Island, earlier plan was to establish listing in US.
• As a foreign company cannot do an IPO in India, the startup changed its strategy.
• Are seeking to raise as much as $ 300 million via sales of new stock and secondary
offering of shares.
• Planning to file a draft IPO prospectus with SEBI this year.
MISSION
• Follow the omnichannel strategy where they allow their customers to order
products, anytime, anywhere from any device.
• Connected with small and medium sized business merchants and artisans who
can sell products through pepperfry.
• Category team meets the sellers to check the quality of the products and once
approved they are sent to the studios for photoshoot.
• Photos of the products are then placed on their website, when ordered it is
brought from the sellers and delivered to pepperfry’s warehouse
• Uniqueness:
a) Pepperfry studio and Franchise Model
b) Powerful marketing
FINANCE