Brands
YS TV
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Yourstory

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

Videos

Urban Ladder raises $50 million in series C funding

Urban Ladder raises $50 million in series C funding

Thursday April 09, 2015 , 2 min Read

Bengaluru-based online furniture and home décor company, Urban Ladder has raised $50 million in a new round of funding. Sequoia Capital led the round along with TR Capital and existing investors Steadview Capital, SAIF Partners and Kalaari Capital. The fresh funds will be used for geographical expansion, investment in technology and hiring.


Urban-Ladder-Funding---YourStory

Cofounded in July 2012 by Ashish Goel and Rajiv Srivatsa, the company claims to be on a massive growth path with its distinctive designs and exceptional customer service. Ashish said,

Over the last 3 years, we have stayed sharply focused on our design thinking, product quality and customer experience. While these will continue to be important themes, geographical expansion will also be a key focus area this year. We will be present in 30 cities by the end of 2015.

The online furniture company has already raised $27 million from Kalaari Capital, SAIF Partners and Steadview Capital in the last 3 years. Ratan Tata, Chairman Emeritus, Tata Group made a personal investment in the company in November 2014.

Rajiv accepted that the technology will be a key driver in Urban Ladder’s growth. The company is working on several tech innovations to solve complex furniture e-commerce problems. He said,

We are investing heavily in technology to introduce world class tech innovations that will massively simplify furniture shopping.

With over 4000 products and 35 categories, at present, Urban Ladder delivers to 12 cities in India which includes Pune, Cochin Ahmedabad, Chandigarh, Surat, and Mangalore apart from the six metros.


Also Read: Quick fact file of the Snapdeal-Freecharge acquisition