Bangalore-based online furniture brand Urban Ladder has raised INR 102 crore (approximately US$15.2 million) in fresh funding from existing investors, including SAIF Partners, Kalaari Capital, Sequoia India and Steadview Capital, said a Live Mint report, citing the company’s filings with the Registrar of Companies (RoC).
Kalaari and SAIF invested around US$4.5million each, while Steadview injected close to US$4 million. Sequoia has invested about US$2 million in this round.
When contacted by e27, the company declined to comment on this.
Earlier, the firm secured US$50 million in financing, co-led by Sequoia Capital and Hong Kong-based TR Capital in April 2015. Prior to that, it received US$20 million in Series B round, led by Steadview Capital on 2014. Previously, it received two rounds of funding — US$5 million in November 2013 and US$1 million from Kalaari in August 2012.
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Ratan Tata is also investor in the firm.
Urban Ladder was founded by Ashish Goel (CEO) and Rajiv Srivatsa (COO) in July 2012. It is an online furniture and home décor company that aims to provide a curated destination for home solutions. The startup claims that it has over 4,000 products and 35 categories such as wardrobes, sofas, beds, dining tables, storage shelves, etc. The furniture is curated with design inputs from Urban Ladder’s in-house team of experienced designers.
At present, the startup delivers to 12 cities in India (Bangalore, Mumbai, Delhi/NCR, Chennai, Pune, Hyderabad, Cochin, Ahmedabad, Chandigarh, Surat, Kolkatta and Mangalore).