Urban Ladder, an online furniture and home decor company, has raised $50 million in a new round of funding. Sequoia Capital led the round along with TR Capital and other existing investors: Steadview Capital, SAIF Partners and Kalaari Capital.
Co-founded by Ashish Goel (CEO) and Rajiv Srivatsa (COO) in July 2012, Urban Ladder offers a wide range of products in furniture and home décor.
“We are delighted to partner with Urban Ladder in their vision of making quality home products available online to millions of Indian consumers, and look forward to working with Ashish, Rajiv and the rest of the Urban Ladder team to help build an enduring business.” said Gautam Mago, Managing Director, Sequoia Capital India Advisors.
Rajiv Srivatsa, COO and Co-founder of Urban Ladder said, “We are investing heavily in technology to introduce world class tech innovations that will massively simplify furniture shopping”.
Urban Ladder has attracted $27 million from Kalaari Capital, SAIF Partners and Steadview Capital in the last three years. Ratan Tata, Chairman Emeritus, Tata Group made a personal investment in the company in November 2014.
