Bangalore-based online furniture store Urban Ladder has raised $50 million in a series C round of funding led by Sequoia Capital with participation from TR Capital and existing investors Steadview Capital, Kalaari Capital and SAIF Partners, reports LiveMint. The platform will use the funding for expanding to new cities, investing in technology and hiring. Note that Urban Ladder had previously raised $21 million from Steadview, SAIF and Kalaari in July last year, after raising $5 million from SAIF and Kalaari in November 2013 and raising $1 million from Kalaari in August 2012. Overall the platform has raised around $77 million since its inception in July 2012, discounting the undisclosed amount invested by Ratan Tata in November last year. Currently, Urban Ladder offers home decor products across various furniture categories like beds, sofas, coffee tables, side tables, dining tables and chairs,…
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