BENGALURU : Urban Ladder Home Decor Solutions Pvt. Ltd, which owns online furniture retailer Urban Ladder, turned profitable in 2018-19 despite a slew of challenges, including top level exits and its inability to raise more funds. Urban Ladder counts Ratan Tata, Sequoia, Steadview Capital, SAIF Partners and Kalaari Capital as investors. Urban Ladder is also believed to be facing a funding crunch, struggling to raise fresh capital after its Series E round two years ago. He said the furniture market, in terms of retail and consumer demand, is fragmented.

Source: Mint November 18, 2019 13:13 UTC