Peloton’s Founders Have a New Startup Selling Rugs Online
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A group of Peloton Interactive Inc. co-founders, including former Chief Executive Officer John Foley, have started a new business to sell custom rugs over the internet.
Peloton’s former chief legal officer, Hisao Kushi, and ex-Chief Technology Officer Yony Feng have joined Foley to launch Ernesta, which will let people buy custom designed and cut rugs at roughly the same price as a standard store-bought product, with fast delivery. The company just completed a $25 million Series A funding round, it said in a statement Monday.