Company News
Green shoots for Urban Ladder: reports first profitable months in 7 yearsedit
When Urban Ladder came into existence in 2012, it was one of the first organised online furniture retailers ready to shake up the $17 billion furniture market of which 90 percent is in the unorganized sector. Since then, the founders – Ashish Goel and Rajiv Srivatsa who were classmates at IIM-Bangalore, have seen a lot of highs and lows and seven years later, Urban Ladder is just beginning to see some green shoots, having turned profitable for the first time in June and July 2019.
Publication: The Hindu Business Line
Date: October 24, 2019
ProfitabilityRajiv SrivatsaContinuous exits, struggle to raise new funds: Urban Ladder’s uphill taskedit
Online furniture retailer Urban Ladder is seeing rough weather on many fronts. The eight-year-old firm is struggling to raise new funds, contain top-level attrition and survive amidst rising competition. On Monday, co-founder Rajiv Srivatsa announced that he was moving on. While it is not unusual for co-founders of startups to hang up their boots after some years — recently, Zomato co-founder Pankaj Chaddah also moved on — for Urban Ladder this is quite a blow.
Publication: Business Standard
Date: October 23, 2019
ProfitabilityRajiv SrivatsaCompetition and Industry News
India Ranks 63rd In Ease of Doing Business 2020edit
After a series of reports that brought multiple bad news for India on the economic front, now Ease of Doing Business Report by the World Bank has brought a huge relief for India. In this report India is at rank 63rd among 190 nations across the world, climbing up by 14 ranks in comparison to the last year. India is the only country this year to have achieved such a significant shift. In the ease of doing business report of 2019, India was at rank 77th among 190 countries. So, this year, India witnessed an improvement by 23 places compared to its position in the previous year’s list.
Publication: Outlook Money
Date: October 24, 2019
Ease of doing businessWorld Bank