Urban Ladder raises $5 Million in funding from SAIF Partners and Kalaari Capital
Urban Ladder, an online furniture store has raised $5 million from SAIF Partners and Kalaari Capital in series A funding. The company had earlier raised $1 million from Kalaari Capital in August 2012. Urban Ladder was launched in July 2012 and provides furniture solutions in Bangalore, Delhi, Mumbai, Chennai and Pune.
“We are on track to achieve our goal to be the largest furniture store, online or off-line, in India within the next 18-20 months. This round of funding will further help strengthen our customer service experience, technology platform and expand our reach and product range,” said Ashish Goel, CEO & Co-founder, Urban Ladder.
Urban Ladder offers close to 25 categories in furniture such as beds, sofas, dining tables, coffee tables, and has over 500 products for shoppers to choose from. It plans to further expand categories and its reach to more Indian cities to establish itself firmly as the first choice destination for furniture shopping.
The company was co-founded by Ashish Goel (CEO) and Rajiv Srivatsa (COO) in July 2012 with the aim of providing a curated destination for home solutions. Here is a tour of the Urban Ladder office when they started out:
And read a detialed interview with Ashish Goel here.
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