Urban Ladder steps up expansion plans.

Rajiv Srivatsa and Ashish Goel co-founded online furniture and home décor company, Urban Ladder, in 2012, when they themselves found it difficult to furnish their homes with quality products after relocating to Bengaluru.

Nearly three years later, the Bengaluru-based company is planning to expand to 30 cities by December this year.

It has so far raised around $77 million from venture capital funds, including an undisclosed investment from Ratan Tata, former Tata Group chairman.

Recently, the company added four new cities – Mangaluru, Kochi, Chandigarh and Kolkata – taking its presence to 16.

'We intend to be present in 30 cities by the end of this year,' Rahul Srivatsa, COO and Co-founder, told BusinessLine.

According to him, the company is also looking to clock a turnover of $100 million (around Rs. 600 crore) by this year-end.

Profitability, though, is not an immediate focus.


HBL