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.
