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

ZeeBiz raises critical questions on NSE trading glitch; Anil Singhvi demands inquiry, asks who will pay compensation for loss?

Naandhi Box Office Collections Worldwide: Shouting success! Blockbuster justice! Allari Naresh says thanks to fans for so much love

Bharti Airtel, Vodafone Idea, Reliance Jio: Market Share Focus to Delay Tariff Hikes highlights Jefferies

IRCTC Share price: Dolat Capital initiates coverage on with target of Rs 2650

Redmi 9 Power new variant launched in India; Check all details here!

7th Pay Commission: Big bonanza on Dearness Allowance (DA), Dearness Relief (DR) for Central Government employees, pensioners coming before Holi?

Greaves Cotton: Sharekhan maintains Buy rating with the revised price target of Rs 150

This Rakesh Jhunjhunwala stocks portfolio is in the news - see strategy

NSE glitch: Anil Singhvi demands investigation on market action between 3-3:30 pm; asks who caused huge jump in Bank Nifty and Nifty when FIIs were net sellers?

Right to Health! Every family to be given Rs 5 lakh health insurance coverage in this state

  • 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