Online furniture store Urban Ladder has raised $5 million from SAIF Partners and Kalaari Capital in series A funding. The company had earlier raised $1 million from Kalaari Capital in August 2012.
From what we’ve heard, the funds were raised 4 months ago.
Urban Ladder was launched in July 2012 and provides furniture solutions in Bangalore, Delhi, Mumbai, Chennai and Pune.
Ashish Goel, CEO & Co-founder, Urban Ladder said:
We are on track to achieve our goal to be the largest furniture store, online or off-line, in India within the next 18-20 months.
SAIF Partners has previously invested in companies such as Makemytrip & JustDial.
Urban Ladder offers close to 25 categories in furniture such as beds, sofas, dining tables, coffee tables, and has over 500 products. The starutp was launched by Ashish Goel & Rajiv Srivatsa in July 2012.
Urban Ladder saw strong investor interest because of its strong unit economics, Srivatsa had told NextBigWhat in an earlier interview.
Add comment
You must log in to post a comment.