Home decor and furniture start-up Urban Ladder said it had raised an internal round of $12 million from investors Kalaari Capital, Saif Partners, Sequoia Capital, and Steadview Capital.
In combination with the $15 million raised in January 2017, these funds would be used to further Urban Ladder’s omnichannel expansion, online and offline, “a decisive step towards profitability in FY 18-19,” the company said. The firm said it continued to study other cities for its next phase of expansion, aiming at 15-20 stores across India by March 2019. “Our offline expansion in Bengaluru has been extremely well-received by customers for the differentiated furniture-shopping experience,” said Ashish Goel, CEO and co-founder, Urban Ladder.
