Urban Ladder secured Rs 15 Cr from SAIF and others

Urban Ladder, which is an Omnichannel furniture brand, has now secured INR 14.91 crore from the SteadView Capital, SAIF Partners, and Sequoia Capital India, as a follow on of its Series E round, according to the report.

All the three existing investors have invested close to INR 4.96 crore with a total of 8352 Series E3 cumulative convertible preference shares, issued at the premium of INR 17830 per share.

Before this round, Urban Ladder had secured more than $112.8 million in the funding and counted the SAIF Partners, Kalaari Capital, Sequoia Capital, Ratan Tata, SteadView Capital, and others as its investors.

The news comes right after the startup co-founder, and CTO Rajiv Srivastava called it quits.