Urban Ladder, the online furniture store, in an effort toward improving their presence, raised $12 mil dollars. They managed to get in touch with internal investors, such as Kalaari Capital, SAIF Partners, Sequoia Capital and Steadview Capital among others.
Urban ladder is remembered for raising $15 mil a year ago, through the same investors and they are working toward becoming profitable by 2019. They started an offline presence in Bangalore and it was well received by their customers, which means their efforts have been paying off.
It seems that most vertical e-commerce companies, Urban ladder included, are moving to physical stores to achieve profitability a lot faster. Urban ladder received their single brand licence last year and have been working toward physical offline stores since then. They currently run three stores throughout Bangalore but they are planning on starting 20 across different towns and cities by March 2019.