Urban Ladder secured Rs 15 Cr from SAIF and others

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Urban Ladder, which is an Omnichannel furniture brand, has now secured INR 14.91 crore from the SteadView Capital, SAIF Partners, and Sequoia Capital India, as a follow on of its Series E round, according to the report.

All the three existing investors have invested close to INR 4.96 crore with a total of 8352 Series E3 cumulative convertible preference shares, issued at the premium of INR 17830 per share.

Before this round, Urban Ladder had secured more than $112.8 million in the funding and counted the SAIF Partners, Kalaari Capital, Sequoia Capital, Ratan Tata, SteadView Capital, and others as its investors.

The news comes right after the startup co-founder, and CTO Rajiv Srivastava called it quits.

The post Urban Ladder secured Rs 15 Cr from SAIF and others appeared first on TechStory.

Source: Techstory

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