What is UrbanLadder?
Founded in 2012, UrbanLadder has over 1,000 products in 25 categories, including sofas, beds, study tables, dining tables, office chairs, etc. It provides delivery services covering multiple cities and regions including Delhi, Goa, Tamil Nadu, and Uttar Pradesh.
UrbanLadder promises that its furniture and home furnishings are of high quality, well-designed, affordable, solidly constructed, and highly trustworthy. The platform plans the manufacturing time for products, including modular kitchens, prefabricated wardrobes, custom sofas, and other furniture. The brand guarantees that the order will be fulfilled within the specified time. In addition, the platform also provides three-dimensional renderings for home decoration design plans, allowing customers to actively participate in the home design process by providing various ideas, color samples, etc.
UrbanLadder's current funding status:
$5 million in November 2013 and $1 million from Kalaari in August 2012.
In July 2014, UrbanLadder received an investment of US$21 million in its latest round of financing. This round of financing was led by Hong Kong hedge fund Steadview Capital. Other investors included SAIF Partners, Kalaari Capital, etc.
In April 2015, UrbanLadder received US$50 million in financing, led by Sequoia Capital and Hong Kong's TR Capital.
In February 2017, Urban Ladder, an online furniture brand in Bangalore, India, recently raised 10.2 billion rupees (about 15.2 million US dollars). Investors include SAIF Partners, Kalaari Capital, Sequoia India and Steadview Capital. Kalaari and SAIF each invested approximately US$4.5 million, Steadview injected approximately US$4 million, and Sequoia invested approximately US$2 million in this round.
In April 2018, Urban Ladder Homes recently announced that it raised $12 million in funding from existing investors – Kalaari Capital, Saif Partners, Sequoia Capital, and Steadview Capital.
In September 2018, UrbanLadder, an omnichannel (online & offline) furniture retailer headquartered in Bangalore, India, announced that it had completed a new round of financing of 362.9 million rupees (approximately US$5.06 million), with the investor being the well-known venture capital firm Trifecta Capital.
In November 2018, UrbanLadder, an omni-channel Indian furniture startup, received an injection of approximately 150 million rupees (approximately US$2.1 million) in its latest round of financing after its E round. The Rs 150 million funding was jointly provided by three private equity funds: SAIF Partners, Steadview Capital and Sequoia Capital India.
In November 2018, Indian industrial giant Reliance Industries Ltd (RIL) announced that it would acquire a 96% stake in furniture online retail platform Urban Ladder for approximately 1.8 billion rupees (approximately US$24.4 million) to increase its penetration in India's online retail market, while promoting digitalization and new business activities, expanding product categories, and strengthening the connection between retail stores and online product delivery.
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