Online home décor retailer, Urban Ladder has secured funding from Junglee founders Venky Harinarayanan and Anand Rajaraman. The amount has not been disclosed.
Earlier this month, Urban Ladder secured $50 million funding from Sequoia Capital, along with existing investors SAIF Partners and Kalaari Capital. Yet another round of funding so soon goes to show the potential and popularity of this online furniture and home décor retailer.
Last year, Ratan Tata invested in Urban Ladder when it caught the business tycoon’s attention. A couple of months before that, it secured around $21 million from Steadview Capital (Hong Kong based asset management firm), SAIF Partners and Kalaari Capital. The funds were utilized to strengthen its position as market leader in the online furniture space.
No doubt, the new round of funding will also be used to further strengthen its operations and manage a stronger and more solid foothold in the ecommerce space. Technology will be vamped up and backend operations will be made stronger to ensure flawless supply chain while giving the best options to customers.
The online furniture and home decor space seems to be catching up on the ecommerce wave. Despite its many hurdles and challenges, mainly due to the bulk and size of most furniture, players dabbling in this category are still getting the eyeballs of investors. Speaks volumes about the growth we are set to witness right?
After dwindling with her family business, into travel and hospitality, for more than 3 years, Pooja Vishant found her true love in writing. Happy-go-lucky and cheerful, she loves pink; so pink is the way to go if you want to get into her good books. The Associate Editor keeps track of even a leaf that has moved in the ecommerce world!
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