Friday, November 14, 2014

After #Snapdeal and #Bluestone #Ratan Tata invests in #Urban Ladder

Ratan Tata, Chairman Emeritus, Tata Sons has made a personal investment in online furniture company Urban Ladder, just months after investing in e-commerce firm Snapdeal.He had earlier invested in online jewelery retailer Bluestone as well.

This fresh investment comes four months after the company raised Series B funding .In July this year, Urban Ladder raised $21 million in Series B funding from Kalaari Capital, SAIF Partners and Steadview Capital. The company had raised Series A funding in November 2013.
Urban Ladder was launched in July 2012 by co-founders Ashish Goel and Rajiv Srivatsa. It offers over 1000 products across 25 categories in furniture such as wardrobes, beds, sofas, dining tables and coffee tables.
 The home décor and furniture space in not new to Ratan Tata. He is a design enthusiast and holds a degree in Architecture from Cornell University. “Mr. Tata understands the furniture space very well, specially our focus on product design since he has a lot of knowledge of the subject. His inputs and guidance will be very valuable for us” said Ashish Goel, CEO & Co-founder, Urban Ladder.
The company aims to be the biggest furniture seller in India in the next 18 months.