Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd (RIL), announced that it has acquired equity shares of online furniture and decor platform Urban Ladder Home Decor Solutions Pvt Ltd for ₹182.12 crore. RRVL has bought 96% holding in the equity share capital of Urban Ladder and has a further option of acquiring…
Billionaire Mukesh Ambani-led Reliance Industries is reportedly in talks to acquire online furniture marketplace Urban Ladder and daily milk delivery service Milkbasket in an attempt to get a hold of the e-commerce business. According to a report by the Times Of India, the Indian conglomerate is in an advanced stage of talking with Urban Ladder…
Urban Ladder, an omnichannel furniture and decor retailer, has raised about INR 15 Cr. in funding led by existing investors SAIF Partners, Sequoia Capital and Steadview Capital. Some of the existing investors such as Kalaari Capital and ABG Capital, did not participate in the current round. The company has been struggling to turn profitable, and…
After eight years of association with the start-up, Urban Ladder’s co-founder Rajiv Srivatsa has resigned from his role as the Chief Technology and Product Officer for the company. He had co-founded Urban Ladder with his B-school batchmate Ashish Goel. While Rajiv would move out from his day to day role, in his statement on Linkedin…