01 March 2018, India:
According to MCA filings, Urban Ladder has raised $11.87 million in fresh round of funding. Existing investors Kalaari Capital, Sequoia Capital, Steadview Capital and SAIF Partners led the funding round.
The company will use the fresh capital for expanding its omni-channel.
The development was first reported by VCCircle.
Ashish Goel, CEO and Co-Founder, Urban Ladder said, “The past year has been phenomenal for us at Urban Ladder. Our offline expansion in Bengaluru has been extremely well-received by customers for the differentiated furniture-shopping experience. This has energized us to chart the next course of our retail journey and build India’s largest furniture brand by March 2019.”
Currently, Urban Ladder operates two large format stores in Domlur and Whitefield ares of Bengaluru and one sofa lounge in HSR Layout. The company is planning to launch its fourth store in Bengaluru.
Urban Ladder was founded by Ashish Goel, Rajiv Srivatsa in 2012. It is an online furniture company. The company received approval for SBRT (Single Brand Retail Trading) in August 2017.
(Image – BW Disprupt)