16/9/2024, 9:46:03 am

Pepperfry appoints investment banker to explore sale as growth flatlines

Norwest Venture Partners-backed Pepperfry, the omnichannel furniture retailing startup, has appointed Ambit to find a buyer amid flatlining sales, several people aware of the developments told Moneycontrol. The mandate is to look for a potential buyer or even a strategic acquisition by a larger player if the deal terms are favourable, as the going gets tough for the 12-year-old company, sources.