Temple & Webster Group Ltd. (ASX:TPW) is seeking inorganic opportunities. During the company's 2023 half year results investor conference call, Mr. Mark Coulter, Chief Executive Officer, said that ‘ We have strong cash balance and remain debt free, which gives us excellent flexibility to fund our ongoing organic growth but also to pursue inorganic opportunities as some operators in our sector come under pressure. Longer term, we see a huge opportunity with uplift from online penetration in the coming years due to substantial structural tailwinds behind us.

We're Australia's leading online pure-play retailer in the category, and we are profitable with attractive customer and unit economics and have a long growth runway'. ‘Furthermore, we have over $100 million of cash to expand our road map sales initiatives, pursue inorganic opportunities to support sustainable growth. Longer term, the e-commerce in Australian furniture and homewares category remains highly underpenetrated, and we have a much larger addressable market to go in after -- with our new target verticals'.