India, Sept. 19 -- BSE-listed TCC Concept has signed a term sheet to acquire up to 100% stake in D2C soonicorn Pepperfry.

"The proposed transaction is subject to inter alia completion of satisfactory due diligence of Pepperfry Limited, execution of definitive agreements and fulfilment of the conditions as may be applicable from time to time," TCC Concept said in an exchange filing.

However, the listed company didn't disclose the financial details of the transaction. It said that Pepperfry's acquisition would help it strengthen its presence in the ecommerce and digital marketplace space, complementing its core focus on tech-driven platforms.

"By integrating Pepperfry's established furniture and home goods marketplace with TCC's innovati...