Company News
Furniture retailing startup Urban Ladder to raise ₹285 croreedit
Bengaluru-based online furniture retailing startup Urban Ladder is planning to raise up to ₹285 crore in a new round of funding to expand their offline presence. The startup plans to add outlets in Mumbai, Chennai, and Pune by January next year. Founded in 2012, the startup counts Kalaari Capital, Sequoia Capital, Steadview Capital, and SAIF Partners as its investors.
Publication: InShorts (Online)
Date: September 5, 2018
Urban Ladder wants to raise $40 million, will use funds to expand offline presenceedit
He expects the company to be operationally profitable (at the Ebitda level) by the first quarter of fiscal year 2019-20. “We are getting into the zone of single-digit negative Ebitda and we are 7-8 months away from Ebitda zero,” Goel said.
Publication: Tech Gig (Online)
Date: September 5, 2018
Competition and Industry News
How Google will change e-commerce in India; Diwali deadline in face-off with Amazon, Flipkartedit
Amidst the new game set to begin, a series of interesting trends will roll out both for consumers and the sector alike, predict experts. Firstly, for consumers, the party will continue with raining deals, discounts and cashbacks, says Sidharth Rao, co-founder and CEO of digital agency Dentsu WebChutney. Secondly, the market will further ripen up for acquisitions. The big three, flushed with big money and investor optimism, will aim to buy out smaller players to beef up their e-commerce war chest in India.
Publication: Zee Business (Online)
Date: September 5, 2018
E-commerce