Company News
Vani Kola steps down from Urban Ladder boardedit
Vani Kola, Managing Director and Kalaari Capital, has stepped down from the Board of Urban Ladder, according to documents sourced from business signals platform paper.vc. Kola said she is tendering her resignation from directorship of the company due to “other engagements”, the document showed.
Publication : Financial Express
Date : October 22, 2019
Vani KolaVani Kola steps down from Urban Ladder boardedit
Vani Kola, managing director of early-stage venture capital firm Kalaari Capital has resigned from the board of directors of online furniture startup Urban Ladder. According to her letter of resignation, accessed through data intelligence platform Paper.vc, Kola attributed her resignation to other commitments. “I hereby tender my resignation from the directorship of the company with immediate effect on account of other engagement,” read the letter dated August 19, 2019. This comes in the backdrop of Urban Ladder’s funding crunch following which the firm had laid off around 90 employees in June.
Publication : Mint
Date : October 21, 2019
KalaariVani KolaUrban Ladder co-founder Rajiv Srivatsa steps down after eight yearsedit
Urban Ladder co-founder Rajiv Srivatsa has resigned after eight years of association with the start-up he co-founded with his B-school batchmate Ashish Goel. Srivatsa will transition from his current role as chief product and technology officer, but will continue to engage with the company’s board and promoters on strategic initiatives, he said in a post on LinkedIn on Monday.
Publication(s) : Business Standard, The Hindu Business Line, The Economic Times , International Business Times, The Hindu Business Line, Business Today , ET Tech , ET Panache, Silicon India, Yourstory, Inc.42 , Entrackr, Outlook, People Matters
Date : October 22-23, 2019
Rajiv SrivatsaCompetition and Industry News
Pepperfry set to raise $20 million in Series F roundedit
Online furniture and home products marketplace Pepperfry, which aims to turn profitable in the next financial year, is looking at one more round of funding ahead of its proposed initial public offering (IPO). “We don’t need much money as we are earning about Rs 200 crore a month. Ideally, we need to earn Rs 1,000 crore every month. We will raise about $20 million in our Series F round ahead of the IPO. It could be our last round of funding before we go public, said co-Founder and CEO Ambareesh Murty. The seven-year-old furniture brand has raised a little over $200 million (Rs 1,300 crore).
Publication : Deccan Herald
Date : October 20, 2019
FundingPepperfry