Archive · 20 Sep 2025
TCC Concept to Acquire Pepperfry for E-Commerce Expansion
TCC Concept, a real estate services company, is planning to buy Pepperfry, an online furniture retailer.
The deal could see TCC acquiring the whole company.
Pepperfry, which has struggled with low sales and was loss-making, is hoping this acquisition will help them grow.
TCC aims to use this to boost its position in online business, improving customer experience.
Pepperfry, founded in 2012, has over 200 stores and competes with major brands.
The acquisition comes as Pepperfry was looking for buyers.
TCC Concept will acquire up to a 100% stake in Pepperfry.
The deal's financial terms and timeline are not disclosed.
TCC aims to boost its e-commerce presence through the acquisition.
Pepperfry's revenue dropped 30.6% year-on-year in FY24.
Pepperfry has been loss-making and seeking a buyer since last year.
- Who
- TCC Concept
- What
- Executed a term sheet to acquire up to 100% of Pepperfry
- When
- Financial terms and timeline not disclosed
- Where
- India
- Why
- To strengthen TCC's e-commerce presence
Pepperfry Challenges
TCC Growth Strategy
Financial Performance
Pepperfry Challenges
Pepperfry has been struggling with financial losses and declining revenue.
TCC Growth Strategy
TCC aims to leverage the acquisition to improve customer experience and achieve operational synergies.
- Acquisition
- TCC Concept to acquire up to 100% stake
- Target
- Pepperfry
- Pepperfry FY24 Revenue
- Rs 188.98 crore
- Pepperfry FY24 Loss
- Rs 117.4 crore
- Pepperfry Valuation
- $367 million (last known)
- TCC Focus
- E-commerce and digital marketplace
