Incorporated on 17 February 2012 in India, Urban Ladder also has an offline presence … 182.12 crore. Bank Holidays in November. Read | Nita Ambani Reveals Massive Plan Behind Developing Women's Cricket In India; Watch Video. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Immunity booster juices, supplements & more for overall health, 5 stunning bridal jewellery pieces for every bride-to-be, Terms of Use and Grievance Redressal Policy. In November 2014, the company raised an undisclosed sum from noted industrialist Ratan Tata. 434 crores with a net profit of Rs. Urban Ladder, raised an internal round of $12 million from investors Kalaari Capital, Saif Partners, Sequoia Capital, and Steadview Capital in February 2018. In 2018-19, Urban Ladder’s audited turnover was Rs 434 crore and the net … Business News. CHENNAI — India’s Reliance Industries Ltd said on Sunday it has bought a 96% stake in online furniture retailer Urban Ladder for 1821.2 million rupees ($24.4 million), furthering its attempt to expand its presence in India’s online retail market. CHENNAI — India’s Reliance Industries Ltd said on Sunday it has bought a 96% stake in online furniture retailer Urban Ladder for 1,821.2 million rupees ($24.4 million), furthering its attempt to expand its presence in India’s online retail market. Reliance Industries Limited announced the move in an official statement on Saturday. For reprint rights: Times Syndication Service", Govt pushes for dispute resolution panel to resolve oil, gas wrangles, With Instant savings account, interactive app, credit card and more, ICICI Bank ‘Mine’ is a complete banking package for millennials, Muhurat trading: Sensex jumps 195 points to close at 43,638; Nifty settles at 12,771, Cyclone Nivar live: Rain lashes parts of TN; 24 flights to Chennai cancelled, Lost an irreplaceable comrade: Sonia Gandhi on Ahmed Patel's demise, Covid live: With 44k new cases, India's tally crosses 92L-mark, Prefix a ‘0’ to call mobiles from landlines from January 1, Spotlight on KL Rahul in post-Dhoni world. Incorporated on 17 February 2012 in India, Urban Ladder also has an offline presence along with a chain of retail stores in numerous cities across India. Further, the company has the option to acquire the remaining shares and gain 100% of the equity share capital of the online furniture retailer. In combination with the $15 million raised in January 2017, these funds were used to further Urban Ladder’s omnichannel expansion, online and offline - a decisive step towards profitability in FY 18-19. Read | Reliance's Market Cap Sheds $16 Bn On Profit Drop; Mukesh Ambani's Net Worth Down ~$6 Bn. CHENNAI — India’s Reliance Industries Ltd said on Sunday it has bought a 96% stake in online furniture retailer Urban Ladder for 1821.2 million rupees ($24.4 million), furthering its attempt to expand its presence in India’s online retail market. Experiment with a wide variety of furniture pieces designed with modern, contemporary, traditional, minimalist, eclectic, and vintage themes. Urban Ladder was incorporated in India on February 17, 2012. 75 crore that is expected to be completed by December 2023, as per the statement. Urban Ladder co-founded by Ashish Goel and Rajiv Srivatsa in July 2012 has already raised $ 27 million in several rounds from a number of investors including Hongkong-based Steadview Capital Management, Kalari Capital and Saif Partners. A subsidiary of Reliance Industries Limited, Reliance Retail Ventures (RRVL) has acquired the Bangalore based Urban Ladder Home Decor Solutions (Urban Ladder). Raghuram Rajan. Urban Ladder co-founded by Ashish Goel and Rajiv Srivatsa in July 2012 has already raised $ 27 million in several rounds from a number of investors including Hongkong-based Steadview Capital Management, Kalari Capital and Saif Partners. Read more about RIL in demand after subsidiary buys 96% stake in Urban Ladder on Business Standard. Read | Saudi Arabia's PIF Invests Rs 9,555 Cr In Reliance Retail, Read | Reliance To Sell 1.2% Stake In Retail Arm To Abu Dhabi Sovereign Fund For Rs 5,512 Cr, RIL profits decline in Q2; Jio net rises 187%, Supreme Court rejects plea seeking withdrawal of Z+ security to Mukesh Ambani and family, Saudi Arabia's PIF invests Rs 9,555 cr in Reliance Retail, Reliance's market cap sheds $16 Bn on profit drop; Mukesh Ambani's net worth down ~$6 Bn, Nita Ambani reveals massive plan behind developing women's cricket in India; watch video, 71st Mann Ki Baat LIVE: PM Modi to address nation a day after Covid vaccine yatra, 'Only Trump is left': Owaisi mocks BJP's campaign for GHMC as Amit Shah visits Hyderabad, In Chhattisgarh's Sukma, CoBRA officer killed, 9 CRPF jawans injured in Maoists' IED blast, Reliance Retail acquires 96% shares of Bengaluru-based Urban Ladder; to invest 75 cr more, Nita Ambani Reveals Massive Plan Behind Developing Women's Cricket In India; Watch Video, Reliance's Market Cap Sheds $16 Bn On Profit Drop; Mukesh Ambani's Net Worth Down ~$6 Bn, Saudi Arabia's PIF Invests Rs 9,555 Cr In Reliance Retail, Reliance To Sell 1.2% Stake In Retail Arm To Abu Dhabi Sovereign Fund For Rs 5,512 Cr. 49.41 crore. News. Elon Musk Net Worth. Reliance buys Urban Ladder; Reliance buys Urban Ladder. Article content. Article content. At Urban Ladder’s online marketplace, you can now buy furniture online with incredible convenience. This deal is most likely to aid Mukesh Ambani led Reliance Industries limited to challenge other online retailers like Ikea, Flipkart, Amazon and Pepperfry, in home furnishing and furniture market in India which is worth about $32 billion. Read | Reliance's Market Cap Sheds $16 Bn On Profit Drop; Mukesh Ambani's Net Worth Down ~$6 Bn. The said investment represents 96 per cent holding in the equity share capital of Urban Ladder," informed Reliance in a statement. Detailing the profits of the online furniture retailer Urban Ladder, Reliance Industries informed that the audited turnover of the company in 2018-19 was Rs. Avoid the crowds, inordinate delays, and endless bargaining while selecting the latest furniture design on Urban Ladder. Article content. Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL) has acquired equity shares of Urban Ladder Home Décor Solutions for a cash consideration of Rs 182.12 crore. Reliance Industries (RIL) gained 1.43% to Rs 2030.50 after the conglomerate announced that its subsidiary Reliance Retail Ventures (RRVL) has acquired equity shares of Urban Ladder Home Decor Solutions for a cash consideration of Rs 182.12 crore. In November 2014, the company raised an undisclosed sum from noted industrialist Ratan Tata. ONGC books Rs 1,238 crore impairment loss, Q2 net profit down 55% Reliance Retail Ventures acquires 96% holding in Urban Ladder for Rs 182 cr Aurobindo, Zydus, Jubilant, others recall various products in US market Prestige Group's Q2 sales booking up 9% at Rs 1,123 cr despite slowdown Domestic air traffic reaches new high on Friday over Diwali rush SpiceJet handles 10,000 cargo flights … "The aforesaid investment will further enable the group’s digital and new commerce initiatives and widen the bouquet of consumer products provided by the group while enhancing user engagement and experience across its retail offerings," it further added. As of now, Reliance Retail has proposed to further its investment in the company with additional Rs.

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