India, June 2 -- D2C furniture startup Pepperfry is set to raise a funding of INR 43.3 Cr (around $5.07 Mn) from existing investors General Electric, Norwest Venture Partners and Goldman Sachs to support its growth, expansion and other corporate purposes.

This fundraise is likely a part of a larger ongoing round.

As per the MCA filing assessed by Inc42, the company passed a special resolution to approve the issue of 5,59,463 Series 12A Compulsorily Convertible Preference Shares (CCPS) at an issue price of INR 775 per share.

While General Electric Pension Trust will invest INR 21.5 Cr, Norwest Venture Partners VII-A Mauritius and Panthera Growth Fund VCC - Panthera Growth I will infuse INR 8.51 Cr and INR 6.45 Cr, respectively.

Besides...