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, balcony sets, bookcases, display units, and wall racks, among others. It currently delivers to 12 cities: Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi/NCR, Hyderabad, Kochi, Kolkata, Mangalore, Mumbai, Pune and Surat and is aiming to be present in 30 cities by the end of 2015. As of now, the platform claims to offer over 4000 products across 35 categories. BuyNBrag acquisition: Urban Ladder acqui-hired the Delhi based startup BuyNBrag in November last year. Post the acquisition, team members of BuyNBrag joined Urban Ladder along with co-founder Prithvi Raj Tejavath who was appointed as the VP of Home Decor. Launched in 2012, BuyNBrag was an online marketplace for home decor and furniture products which…
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