LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Small Business News

Urban Ladder raises $12mn from Kalaari, Saif Partners and others

The company has raised USD 103 million till date. Urban Ladder currently has two large format stores in Domlur and Whitefield and one sofa lounge in HSR Layout in Bengaluru. The company continues to study other cities for its next phase of expansion, aiming at 15 - 20 stores across India by March 2019, the statement said. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Urban Ladder raises $12mn from Kalaari, Saif Partners and others
Urban Ladder today said it has raised an internal round of USD 12 million from Kalaari Capital, Saif Partners, Sequoia Capital, and Steadview Capital. Image source: company website
Written By: PTI
Updated: Thu, Mar 01, 2018
05:03 pm
PTI
RELATED NEWS
Reliance-Urban Ladder deal: What RIL said in its 1st official statement in regulatory filing after acquiring 96 pc stake for Rs 182 crore Reliance-Urban Ladder deal: What RIL said in its 1st official statement in regulatory filing after acquiring 96 pc stake for Rs 182 crore
Tata fosters another startup, invests in fitness company GOQii Tata fosters another startup, invests in fitness company GOQii
Urban Ladder increases paid maternity leave to six months Urban Ladder increases paid maternity leave to six months

Home furnishing company Urban Ladder today said it has raised an internal round of USD 12 million from Kalaari Capital, Saif Partners, Sequoia Capital, and Steadview Capital. In combination with the USD 15 million raised in January 2017, these funds will be used towards Urban Ladder's omni-channel expansion, the company said in a statement. It added that investors believe the omni-channel approach and profitability push (in FY18-19) "is a winning strategy to build a powerful retail brand".

The company has raised USD 103 million till date. Urban Ladder currently has two large format stores in Domlur and Whitefield and one sofa lounge in HSR Layout in Bengaluru.

The company continues to study other cities for its next phase of expansion, aiming at 15 - 20 stores across India by March 2019, the statement said. "Our offline expansion in Bengaluru has been extremely well-received by customers for the differentiated furniture-shopping experience. This has energized us to chart the next course of our retail journey and build India's largest furniture brand by March 2019," Urban Ladder co-founder and CEO Ashish Goel said.

Set up in 2012 as an online brand, Urban Ladder embarked on its offline retail strategy in July 2017. In August last year, it received approval for Single Brand Retail Trading (SBRT) licence and since then, has transitioned from a marketplace to an inventory-led omni-channel brand.  

 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Urban LadderHome furnishing companyUrban Ladder raises fundKalaariSAIF PartnersSequoia CapitalSteadview Capital
RELATED NEWS
Reliance-Urban Ladder deal: What RIL said in its 1st official statement in regulatory filing after acquiring 96 pc stake for Rs 182 crore Reliance-Urban Ladder deal: What RIL said in its 1st official statement in regulatory filing after acquiring 96 pc stake for Rs 182 crore
Tata fosters another startup, invests in fitness company GOQii Tata fosters another startup, invests in fitness company GOQii
Urban Ladder increases paid maternity leave to six months Urban Ladder increases paid maternity leave to six months

LATEST NEWS

Lockdown in Delhi? CM Arvind Kejriwal confirms this after review meeting

CBSE Board Exam 2021 Latest News: Class 10, 12 students alert! Controller Dr. Sanyam Bhardwaj says this

Vakeel Saab Collection: Blockbuster! Pawan Kalyan comeback movie sets box office on fire!

Vakeel Saab Review: What Superstar Mahesh Babu said for Power Star Pawan Kalyan blockbuster movie

MASSIVE! Top 10 best-selling smartphones: Apple grabs 6 places - These 3 iPhones contribute to 71% sales in Jan 2021

Upstox customers alert! Very important security breach message for you from your broking firm

Amazing investment strategy to enjoy life after retirement! This is the right approach to achieve solid financial stability

Mentor Connect: Amazon India launches mentor programme for startups, emerging brands

Air Bubble agreement: Finalised! Travel between India, Sri Lanka to become easier - Here is how

Earthquake hits this region of Madhya Pradesh

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved