PEPPERFRY LAUNCHES TWO NEW STUDIOS IN BANGALORE, KARNATAKA

STRENGTHENS ITS OMNI CHANNEL PRESENCE IN SOUTHERN INDIA

KARNATAKA, March 10th , 2022 : Pepperfry, India’s No.1 furniture and home products marketplace, announced the launch of two new Studios in Bangalore. The offline expansion is in line with the company’s aim to penetrate niche markets and build the largest omni-channel business in the furniture and home products segment in India. Pepperfry, which launched its first Studio in 2014, currently has 100 plus Studios across 50 plus cities in the country. South India, which forms the biggest market for Pepperfry, alone, houses 35 Studios across Bangalore, Chennai, Hyderabad, Mangalore, Kochi, Trivandrum, Kozhikode, Coimbatore, Vizag, Madurai, Kottayam, Kollam, Salem, Gulbarga, Trichy Vellore, Secundrabad, Vijayawada, and Chittoor.

The two new Studios in Bangalore are situated in prime locations at Electronic City and Battarahalli, spanning a carpet area of 1000 and 400 sq.ft respectively. Both the studios are launched in partnerships with SSVR Enterprises at Electronic City and Haritha Enterprises at Battarahalli. The Studios offer customers a first-hand experience of a curated range of furniture and décor, which is carefully selected from the differentiated portfolio of more than 1 lakh products available on Pepperfry’s website. These Studios provide the touch and feel experience for consumers to understand wood finishes and quality of these big-ticket items before purchasing them. It also houses design experts that offer complementary design consultancy thereby aiding consumers in creating their dream homes.

Building on their omni-channel network, in 2017, Pepperfry introduced a unique franchise model and in a very short span they launched 70 FOFO Studios across metros, Tier 2 and Tier 3 markets like Pathankot, Trivandrum, Patna, Bengaluru, Indore, Chennai, Guwahati and Coimbatore. For these Franchise Studios, Pepperfry decided to partner with the finest local entrepreneurs who are well versed with hyperlocal demand cycles and trends. The company revised this franchise model in 2020 to make it more lucrative for both existing and potential franchise partners. It now offers a reward structure wherein the franchise owners can benefit by earning commission of 15% (previous model: 10%) on each online transaction made via the franchise studio.

In June 2021, Pepperfry launched the Pepperfry Accelerator Program with an aim to establish over 200 Studios in one year. The objective of this newly crafted program is to exponentially expand Pepperfry’s offline footprint by adding one entrepreneur a day for the rest of the year. However, the big differentiator of the new program is the Capex required by franchise partners, which is around INR 15 lakhs – one-third as compared to the existing franchise program.

Both the models are based on 100% price parity and does not require the partner to hold product inventory, making it a mutually beneficial business association.

Speaking of the launch Amruta Gupta, Business Head, Pepperfry said, “We are delighted to expand our omni-channel footprint by launching two new Studios in Bangalore in partnership with SSVR Enterprises and Haritha Enterprises. With this, we now have 13 Pepperfry Studios in the city. At Pepperfry, our aim is to be available to our customers through as many touchpoints as possible, offering great variety at great price points. Thus, in the current times where individuals have become more conscious towards their home-environment and are investing behind creating a space that is functional and aesthetic, we believe our Studios will aid consumers in creating an ideal home.”

Vaishnavee Subramaniam & Guruprasad Soundarrajan, Owners, SSVR Enterprises said, “We have been in Franchise Partnership with Pepperfry since 2019 and own 2 Pepperfry franchisees in Coimbatore & Chennai. This is our 3rd franchise studio with Pepperfry and we are happy to partner with India’s leading home and furniture marketplace. Pepperfry has pioneered a truly differentiated omnichannel business and we are glad to join them in their journey to create the largest omnichannel home and furniture business.”

Vimal Kumar Jain, Owner, Haritha Enterprises (franchise partner) further added, “We are extremely happy partnering with Pepperfry and being a part of their journey in building the largest omni-channel business in the furniture and home products segment in India.”

City Today News

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