Latest news with #NorwestVenturePartners
Yahoo
2 days ago
- Business
- Yahoo
Aesthetic Partners Welcomes Healthcare Leader Mark Censoprano to Its Board Leadership Team
MIAMI, July 28, 2025 /PRNewswire/ -- Aesthetic Partners, a leading medical aesthetics and plastic surgery company, announced the appointment of Mark Censoprano as an Advisor to its Board of Directors. This strategic addition follows the appointment of industry veteran Brian Bouma to the Aesthetic Partners Board of Directors. The addition bolsters an already-robust team of industry veterans and high-caliber investors such as Norwest Venture Partners while further solidifying Aesthetic Partners' position as a leader in its field. Censoprano brings deep experience from a wide breadth of industries, including healthcare along with consumer brands. In addition to serving as Co-CEO of MAX Surgical Specialty Management, CEO of Guardian Dental Partners, and Chief Marketing Officer of Aspen Dental, Signet, and Sbarro, Censoprano has held board positions at WellHaven Pet Health and BonaDent Dental Laboratories and leadership roles at S.C. Johnson, Campbell Soup Company, and Darden Restaurants. "We are committed to being the best in medical aesthetics, and we lean on exceptional leaders from within and beyond our industry to achieve that," said Aesthetic Partners co-Founder and CEO Courtney Ellenbogen. "Mark brings executive experience from both healthcare and consumer brands along with a patient-focused perspective that we deeply value. He has already contributed so much to our team, and we look forward to strengthening our platform under his guidance." "I saw in Aesthetic Partners not only a leading brand in the industry, but a team that is doing it right", said Mark. "In a competitive market that has seen many new entrants, the AP team is not only a pioneer - they are also deeply committed to clinical quality, culture, and investing in talent. I am thrilled to be a part of their journey." Aesthetic Partners offers tailored support to its partner practices, which is a differentiated model within its category. That support includes access to industry leaders like Censoprano along with high-caliber training opportunities, strategic vendor relationships, growth capital, and practice expansion support. About Aesthetic Partners Aesthetic Partners is a leading medical aesthetics and plastic surgery company that partners with high-end, physician-led, and patient-centric practices. Aesthetic Partners provides growth capital, functional expertise, and new location expansion support to brands within its portfolio. Incubated at Harvard and founded in 2018, Aesthetic Partners is based in Miami, Florida, and is female- and minority-owned. For more information on Aesthetic Partners, visit For media inquiries, please contact press@ View original content to download multimedia: SOURCE Aesthetic Partners
Entrepreneur
03-06-2025
- Business
- Entrepreneur
Pepperfry Raises INR 43.3 Cr to Fuel Growth and Expansion
The fresh funding round was led by General Electric Pension Trust, alongside existing investors Norwest Venture Partners and Panthera Growth Partners. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Omnichannel furniture retailer Pepperfry has raised INR 43.3 crore (approximately USD 5.1 million) in a fresh funding round led by General Electric Pension Trust, alongside existing investors Norwest Venture Partners and Panthera Growth Partners. According to filings sourced from the Registrar of Companies (RoC), General Electric Pension Trust invested the largest sum of INR 21.5 crore, followed by INR 8.52 crore from Norwest Venture Partners and INR 6.45 crore from Panthera. The Pepperfry board approved the issuance of 5,59,463 compulsory convertible preference shares at INR 775 each, raising funds on a private placement basis. The company stated the funds will be deployed "for the growth, expansion and general corporate activities of the Company." Founded in January 2012 by Ambareesh Murty and Ashish Shah, Pepperfry has become one of India's most recognised names in the online and offline furniture space. Headquartered in Mumbai, the company operates as a marketplace offering a wide selection of furniture and home décor products—ranging from sofas and beds to lighting, appliances, carpets, and outdoor essentials. Pepperfry uses an omnichannel strategy, combining a robust e-commerce platform with over 200 Studio Pepperfry experience centers across 100+ cities. It also works on a franchise model and collaborates with major brands like Godrej, Springfit, and Spacewood, listing more than 10,000 products on its platform. Valued at INR 3,120 crore (USD 367 million) post-allotment, Pepperfry competes with key players like Urban Ladder, and WoodenStreet. The company generates revenue primarily through commissions on product sales. This latest funding round comes amid efforts to tighten financial controls. Despite a 30.6% drop in FY24 revenue to INR 188.98 crore, Pepperfry managed to cut losses by 37%, down to INR 117.4 crore from INR 187.6 crore in the previous year. In a leadership update, co-founder Ashish Shah was elevated to CEO in 2023, and Madhusudan Bihani was appointed CFO a year later. "We remain committed to redefining the furniture-buying experience in India," said Shah, "and this investment gives us the fuel to accelerate our mission."
Time of India
02-06-2025
- Business
- Time of India
Furniture retailer Pepperfry raises Rs 43 crore from existing investors
Omnichannel furniture and home goods company Pepperfry has raised Rs 43.3 crore from existing investors Norwest Venture Partners, Goldman Sachs, General Electric Pension Trust, Growth Equity Opportunity Fund, and Panthera Growth Partners, among others. General Electric Pension Trust led the round with an investment of Rs 21.5 crore, followed by Norwest Venture Partners with Rs 8.5 crore and Panthera with Rs 6.4 crore. The remainder was contributed by other investors, according to the company's filings with the Registrar of Companies (RoC). The company issued around 5.6 lakh compulsorily convertible preference shares with a face value of Rs 775 each on a private placement basis. In its last funding round, the Mumbai-based company had raised $23 million in 2022 from the same group of investors. Prior to that, it had secured $45 million in debt funding in 2021. News website Entrackr first reported the latest development. Pepperfry had postponed its planned initial public offering (IPO) last year after engaging with bankers, as it was focusing on growth and profitability, cofounder Ashish Shah had told ET in an earlier interaction. The company, founded in 2012, had converted into a public entity in 2022 as part of its IPO preparations, which aimed to raise $250–300 million. In FY24, Pepperfry reported a 30.6 per cent year-on-year decline in operating revenue to Rs 188.9 crore. However, it narrowed its losses by 37.4 per cent to Rs 117.4 crore, from Rs 187.6 crore in the previous year. The company competes with ecommerce platforms such as Amazon India and Flipkart, as well as Reliance-owned Urban Ladder, and generates most of its revenue through commissions on product sales. Pepperfry has also been expanding its home décor segment and has onboarded multiple direct-to-consumer brands to strengthen its portfolio.
Time of India
02-06-2025
- Business
- Time of India
Furniture retailer Pepperfry raises Rs 43 crore from existing investors
Omnichannel furniture and home goods company Pepperfry has raised Rs 43.3 crore from existing investors Norwest Venture Partners, Goldman Sachs, General Electric Pension Trust, Growth Equity Opportunity Fund, and Panthera Growth Partners, among others. General Electric Pension Trust led the round with an investment of Rs 21.5 crore, followed by Norwest Venture Partners with Rs 8.5 crore and Panthera with Rs 6.4 crore. The remainder was contributed by other investors, according to the company's filings with the Registrar of Companies (RoC). The company issued around 5.6 lakh compulsorily convertible preference shares with a face value of Rs 775 each on a private placement basis. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now In its last funding round, the Mumbai-based company had raised $23 million in 2022 from the same group of investors. Prior to that, it had secured $45 million in debt funding in 2021. News website Entrackr first reported the latest development. Live Events Pepperfry had postponed its planned initial public offering (IPO) last year after engaging with bankers, as it was focusing on growth and profitability, cofounder Ashish Shah had told ET in an earlier interaction. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The company, founded in 2012, had converted into a public entity in 2022 as part of its IPO preparations, which aimed to raise $250–300 million. In FY24, Pepperfry reported a 30.6% year-on-year decline in operating revenue to Rs 188.9 crore. However, it narrowed its losses by 37.4% to Rs 117.4 crore, from Rs 187.6 crore in the previous year. The company competes with ecommerce platforms such as Amazon India and Flipkart, as well as Reliance-owned Urban Ladder, and generates most of its revenue through commissions on product sales. Pepperfry has also been expanding its home décor segment and has onboarded multiple direct-to-consumer brands to strengthen its portfolio.
TechCrunch
20-05-2025
- Business
- TechCrunch
Alation acquires Numbers Station to bolster its AI agent offerings
Enterprise data intelligence platform Alation acquired Numbers Station to help give its customers access to AI agents that run on top of their structured data. Terms of the deal were not disclosed. Numbers Station, which builds AI-native data applications, is a Series A-stage startup that's raised more than $17 million in venture capital from firms including Norwest Venture Partners, Madrona and Factory, among others. Alation plans to integrate Numbers Station's products into its own as soon as the end of this quarter, Alation co-founder and CEO Satyen Sangani told TechCrunch. 'One of the things that gave us a lot of confidence is the [companies] are architected in such a fundamentally complementary way that we could get the integration done really fast,' he said. Data and knowledge consumption is increasingly happening through large language models, Sangani said, but the fact that LLMs are prone to hallucinate means that enterprise haven't yet been able to meaningfully adopt AI data tools. Sangani said that his company's next stage of data management had to include a translation layer that sits between the LLMs and an enterprise's data. Numbers Station was a natural choice to provide that layer, Sangani said, because it already builds AI agents that work on structured data. The fact that Venky Ganti, a former co-founder at Alation, worked at Numbers Station for a handful of years didn't hurt, either. '[The] ability to basically make LLMs have the ability to talk to the core databases that fuel and run the enterprise, we think is basically the problem to solve to make LLMs scale inside of the enterprise,' Sangani said. Techcrunch event Join us at TechCrunch Sessions: AI Secure your spot for our leading AI industry event with speakers from OpenAI, Anthropic, and Cohere. For a limited time, tickets are just $292 for an entire day of expert talks, workshops, and potent networking. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW Alation started to build its own AI agents last year, Sangani said, including one for data quality and one for documentation that the company expects to release this quarter. But acquiring a company like Numbers Station allows Alation to offer workflow automations faster. 'What we bring to bear is all of the metadata and all the context around the data and this massive, gnarly library of connectors and all of this enterprise knowledge,' Sangani said. 'And what they bring to bear is the ability to bring these LLMs, and take their cutting-edge technologies, and operate on that data.' Alation was founded in 2012 and currently works with more than 600 enterprise customers including Nasdaq, Hertz, and Samsung, among others. The company has raised more than $300 million in venture funding from firms including General Catalyst, Andreessen Horowitz, and Sapphire Ventures. The company was last valued at $1.7 billion in 2022.
