EFC (I) Limited and Pepperfry Limited have signed a term sheet to establish a joint venture aimed at scaling their furniture manufacturing, logistics, and display studio businesses across India. The collaboration, announced on January 31, 2025, is designed to foster innovation and deliver scalable solutions in a competitive market.
The joint venture will combine EFC’s expertise in managing coworking and business spaces with Pepperfry’s leadership in the furniture and home goods industry. This strategic partnership is expected to create value for stakeholders, customers, and partners by expanding their service offerings and enhancing operational efficiency.
Mr. Umesh Kumar Sahay, Chairman and Managing Director of EFC (I) Limited, stated, “We are excited to partner with Pepperfry to launch this game-changing joint venture. By leveraging our combined expertise in logistics, franchising, and business development, we are building a solid foundation for sustained growth and long-term success.”
The transaction, subject to regulatory approvals, is expected to be completed by the end of March 2025. Pepperfry’s robust supply chain network and EFC’s extensive infrastructure are set to play key roles in the success of this partnership.
About Pepperfry:
Founded in 2012, Pepperfry is India’s largest omnichannel furniture marketplace, reaching over 300 cities and supporting thousands of regional and national brands.
About EFC (I):
Established in 2014, EFC (I) Limited operates 70+ coworking centers, managing over 56,000 seats across nine cities and catering to more than 570 corporates.
