UrbanLadder.com raised its first round of funding led by IndoUS Venture Partners, according to pluggd.in.
The undisclosed amount will be used for team expansion, building customer service infrastructure and technology investments.
Founded by Ashish Goel and Rajiv Srivatsa and started in Bangalore, UrbanLadder is an online furniture store and currently its product line offers coffee tables, side tables, dining table, display units, and other such line of products with future plans to offer new categories like sofas, beds among others.
Three year old profitable commercial real estate services company with reputed client base and consistent growth is looking for early stage / growth capital. Founders with background in commercial and real estate services and experience with International Property Consultants, the firm has well charted business plans and pan India expansion strategies.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.