Company News
India: Urban Ladder eyes more funding, aims to turn profitable next yearedit
Online furniture retailer Urban Ladder aims to turn profitable by December 2019 to prepare for a potential listing in three years, said its co-founder and chief executive. The company also plans to raise funds over the next 12 months to aggressively grow its offline presence by opening more physical stores, even as
Publication: Deal Street Asia (Online)
Date: November 23, 2018
Competition and Industry News
Indian startups increase round sizes as investors pour in moneyedit
Business-to-business marketplace Udaan was looking to raise $150 million earlier this year with the intention of bringing in at least a few new investors. But not only did its existing investors Lightspeed India Partners and DST Global move swiftly to fund the entire round, they also pushed the company to raise a significantly higher amount.
Publication: Deal Street Asia (Online)
Date: November 23, 2018