TCC Concept To Acquire Pepperfry For INR 662 Cr By Year-End

TCC Concept’s board has approved the acquisition of a 98.98% stake in online furniture marketplace Pepperfry for about INR 661.47 Cr

With this, TCC will acquire 3.5 Cr equity shares and 30.1 Lakh preference shares of Pepperfry, giving it near-total control of the company on a fully diluted basis

Notably, the startup reported a turnover of INR 164.2 Cr in FY25, down 13% from INR 188.9 Cr in FY24 and a sharp 40% decline from INR 272.4 Cr turnover in FY23.

BSE-listed TCC…