India, Feb. 22 -- D2C furniture startup Pepperfry managed to cut its net loss by 37.4% to INR 117.5 Cr in the financial year 2023-24 (FY24) from INR 187.6 Cr in the previous fiscal year.

However, the decline in loss came at the cost of its top line. The startup's revenue from operations plunged nearly 31% to INR 188.9 Cr during the year under review from INR 272.4 Cr in FY23.

Including other income of INR 20.3 Cr, total income for the fiscal stood at INR 209.2 Cr. This was a 28% dip from a total income of INR 290.4 Cr in FY23.

Meanwhile, EBITDA loss contracted 52.2% year-on-year (YoY) to INR 43.6 Cr during the year under review.

Founded in 2012 by the late Ambareesh Murty and Ashish Shah, Pepperfry sells a wide range of furniture and ...