November 25, 2017 3:29 AM ET

Internet and Direct Marketing Retail

Company Overview of Trendsutra Platform Services Private Limited

Company Overview

Trendsutra Platform Services Private Limited operates an online furniture store. It offers furniture, decor products, lamps, bed and bath products, furnishings, kitchen products, dining products, bar products, housekeeping products, hardware and electricals, garden products, and kids. The company was incorporated in 2011 and is based in Mumbai, India.

301, B Wing

Commercial Complex, Kohinoor City

Kirol Road, Off LBS Marg

Kurla (West)

Mumbai,  400070

India

Founded in 2011

Phone:

91 80 0209 7379

Key Executives for Trendsutra Platform Services Private Limited

Co-Founder and Chief Executive Officer
Co-Founder
Chief Financial Officer
Age: 44
Chief Marketing Officer
Compensation as of Fiscal Year 2017.

Trendsutra Platform Services Private Limited Key Developments

Pepperfry to Enter Flooring Segment

Targeting a INR 50,000 million turnover by 2020, Pepperfry plans to expand by entering the flooring segment, and has chalked out a vision to help build 20 million homes in three years. The new studio in Kochi is the 21st experience centre established in a span of two years and the company intends to take it to 50 by March 2018. The studios form an integral part of the strategy to build the omni-channel business in the furniture and home segment in India. Referring to the expansion of its offline presence across the country, the company said that it has been receiving overwhelming response from South India, contributing 50% to its overall furniture business.

Furniture Startup Pepperfry Mulling A Pre-IPO Fund Raise By Year-End

Online furniture marketplace Trendsutra Platform Services Private Limited (aka Pepperfry) could likely be hitting the road for a pre-IPO fundraise by year end to raise $25 million to $30 million as it plans to expand its offline studios, the founder of the company said. "We might look to take up a pre-IPO round of fundraising...will take a decision and figure out our next steps in the next couple of months and then raise the capital towards the end of the year. It could be between $25 million to $30 million," said Ambareesh Murty, founder of Pepperfry. "We don't need capital for working capital needs. So we will use it for investments for expansion...in the areas of more studios being opened," he added. While Murty did not give any definitive timeline for a possible initial public offering (IPO), following the pre-IPO fundraise, he said the company would consider it only towards the end of 2018.

Pepperfry.com Reports Earnings Results for the Full Year 2016

Pepperfry.com reported earnings results for the full year 2016. The company reported its net losses rising by 76% during fiscal year 2016 at INR 1,550 million. During the period the company's total revenue increased 292% to INR 983 million. The revenue basically comprises commissions it gets from merchants on every sale of furniture items. It earns an average commission of 35% on every order.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
March 31, 2017
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