BENGALURU: Online furniture store Urban Ladder concluded 2016-17 with increased revenues and trimmed losses. The company, which started out as a marketplace in 2012, recently transitioned into a furniture brand by procuring a single-brand retail trade licence. Urban Ladder, which is one of the most well-funded online furniture companies, has raised funds from the likes of Sequoia Capital and Kalaari Capital . Livspace, saw losses soar nearly five times in FY17, even as revenues more than doubled. The company saw revenues rise to Rs 22.4 crore from Rs 9.1 crore in the previous year.

Source: Economic Times January 29, 2018 04:52 UTC