Urban Ladder secures $50 million funding, plans to expand to 30 cities
There’s news of yet another funding in the ecommerce space. Leading furniture etailer Urban Ladder has secured $50 million (around Rs 310 crore) funding from Sequoia Capital, along with existing investors SAIF Partners and Kalaari Capital.
Urban Ladder plans to utilize the money to fund the following:
- Expansion to 30 cities by the end of this year
- Invest in technology to launch world-class innovations to simply online furniture shopping
- Enhance product quality
- Improve customer experience
“Over the last 3 years, we have stayed sharply focused on our design thinking, product quality and customer experience. While these will continue to be important themes, geographical expansion will also be a key focus area this year. We will be present in 30 cities by the end of 2015,” Urban Ladder co-founder and CEO Ashish Goel said.
About Author
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!
Leave a Comment