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.