Bangalore-based online furniture store Urban Ladder has raised $21 million (INR 120 crore) in a round led by Hong Kong-based Steadview Capital with participation from existing investors SAIF Partners and Kalaari Capital. The firm will use the funds to expand its presence from seven cities to about 25 over the next one year.
Founded by IIT and IIM graduates Ashish Goel and Rajeev Srivatsa two years ago, Urban Ladder had so far raised $6 million through two rounds of funding. Besides expanding across multiple cities, it is launching adjacent categories like lighting, floor and wall solutions.
Source: Times of India
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