Urban Ladder Raises Rs.120 Crore Funds in Series B from Steadview Capital
Date: Wednesday , August 06, 2014
The leader in the Indian online furniture market, Urban Ladder, has raised Rs.120 crore in Series B round of funding by Steadview Capital, a Hong-Kong based leading alternative asset management firm. The financing round was also led by its existing investors SAIF Partners and Kalaari Capital who had previously helped Urban Ladder with the seed funding and Series A funding.
Launched in 2012, Urban Ladder is a curated online marketplace for furniture which offers distinctive quality-driven, well-designed, competitively priced and dependable furniture products. With a mission of making homes more beautiful, the company\'s artifacts are incorporated with beauty and functionality that meet the needs of customer\'s expectations and needs. Headquartered in Bangalore, the brand has branched out its presence in seven major cities of the country. Urban Ladder has built over 1000 artifacts across 25 categories in furniture industry and the home decor space.
According to Rajiv Srivatsa, COO & Co-Founder of Urban Ladder, \"We look forward to multiply our team of smart people in its nearest future revolutionizing the furniture industry globally\". With a vision of setting global benchmarks for consumer experiences and honest industry practices, they also have major plans to expand the product range to 25-30 cities in India by 2015.