Urban Ladder, a startup which provides an e-commerce platform to buy furniture and other related home-decor material, has gulped in a $50 Million Series C round, led by Sequoia Capital with participation from TR Capital and existing investors Steadview Capital, SAIF Partners and Kalaari Capital.
Including the current Series C round, the online home decor company has in total raised $87 Million worth of capital, which also includes investment in personal capacity by one India’s most respected businessmen and Chairman Emeritus Tata Group, Mr. Ratan Tata.
Urban Ladder currently offers a wide-range of furnishing options, spanning across multiple categories, which includes living, office furniture, kids, storage, home decor etc. With this freshly raised capital, the startup aims at geographical expansion along with an investment in technology and hiring.
Housing related online businesses have seen a sudden surge within the country. While India’s slumped economic growth during past years resulted in slowed up real-estate businesses, a revamped economic forecast and improving growth has resulted in numerous online real-estate/housing related companies raising substantial rounds. certain recent examples for the same include CommonFloor, Housing.com, HomeLane etc.
Founded in July 2012, the site now lists 4,000 products in more than 35 categories.
The company will use its fresh infusion of funds to expand into 30 cities by the end of this year and add new categories to its catalog.
