Urban Ladder raises Rs 120 crore from Steadview, SAIF and Kalaari Capital
Hotline: 1800 102 2007
X
Search Business Opportunities
2014-07-17

Urban Ladder raises Rs 120 crore from Steadview, SAIF and Kalaari Capital

Urban Ladder, India’s leading online furniture company has raised Rs. 120 crore ($21 million) in Series B round of funding, to further strengthen its presence as the leader in the Indian furniture market.

Urban Ladder, India’s leading online furniture company has raised Rs. 120 crore ($21 million) in Series B round of funding, to further strengthen its presence as the leader in the Indian furniture market. This round is led by Steadview Capital, along with existing investors SAIF Partners and Kalaari Capital. The company had earlier raised $5 million lead by SAIF Partners in November’13 and $1 from Kalaari Capital in August’12. Urban Ladder was launched in July 2012 with the aim to build a million beautiful Indian homes. It provides furniture solutions in seven leading cities in India.

 

“World-class product design and exceptional customer experience have been our key differentiators in the market, and have helped us establish our dominance as the preferred furniture company in the country. We will continue to strengthen these aspects with focus on innovative technology, which will further elevate customer experience.” said Ashish Goel, CEO and Co-founder, Urban Ladder.

 

Strengthening the team and aggressive recruitment is on the cards for Urban Ladder. “As we grow, we want to build a team of smart people who are excited to be a part of a journey that will revolutionize the furniture industry globally. We aim to double our employee base in the next six months.” said Rajiv Srivatsa, COO and Co-founder, Urban Ladder.

 

Steadview Capital is a leading alternative asset management firm that makes concentrated long term investments. It has invested in in companies such as Page Industries, JubliantFoodworks, Shriram City Union and Olacabs. “Furniture is a highly fragmented and unorganized space, and we believe Urban Ladder is well positioned to leverage technology in order to become the leading furniture company in India. Their focus on customer experience and innovative product offerings stand out and we think very highly of the founders and the team they have built around them." said Ravi Mehta, Managing Director at Steadview Capital.

 

Urban Ladder offers over 1000 products across 25 categories in furniture such as wardrobes, beds, sofas, dining tables, coffee table.  It plans to further expand the product range and service 25-30 cities in India by March 2015. 

Related opportunities
  • Clinics & Nursing Homes
    Sansthan invites franchisee for Ayurvedic Clinic Business  About Us: In an endeavor..
    Locations looking for expansion punjab
    Establishment year 2010
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater mohali punjab
  • Want to start The Yes Generation preschool? Want to be..
    Locations looking for expansion Goa
    Establishment year 2003
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater North Goa Goa
  • Computer and ICT Services
    About Us: Digikore is a visual effects studio that offers a..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Tea and Coffee Chain
    About Us: Ritazza is an international chain of coffee shops specialising in..
    Locations looking for expansion Delhi
    Establishment year 1988
    Franchising Launch Date 1955
    Investment size Rs. 1 Cr. - 2 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts