Furniture retailer Urban Ladder Home Decor Solutions Pvt. Ltd’s consolidated revenue doubled in the financial year 2017-18, even as losses narrowed by more than 70%. The company’s focus on expanding its offline stores to reach more consumers, and reducing its burn rate likely helped it both to grow revenue and stem losses. Urban Ladder reported revenue of Rs 204.73 crore, up just over 100% from Rs 101.87 on a year-ago basis, according to documents filed by the company with the ministry of corporate affairs and sourced by business intelligence platform Paper.vc. Losses narrowed 74.44% to Rs 117.32 crore from Rs 459.11 crore.

Publication: Live Mint

Date: December 29, 2018