Urban Ladder

Leading retailer Reliance has extended the presence of its furniture and home decor brand Urban Ladder at its hypermarkets chain Smart Bazaar and also through b2b institutional sales. Reliance Retail, which owns lingerie brands Clovia, Amante, and Zivame, also said that it has now become a market leader in the women's innerwear market. "Our new businesses in lingerie, we are making good progress. We are the largest player in this segment now," said Reliance Retail CFO Dinesh Taluja during Friday's earnings call of RIL. Now Reliance Retail is looking to expand the lingerie category across retail formats such as Trends, Azorte, Centro and Blushlace, he said. "We continue to expand our in-house brands and we operate across the spectrum from mid-premium to luxury. We are focusing on general trade so that these brands have wide distribution, which will further deepen the penetration, and that continues to be a focus for all our brands in the portfolio within this segment," Taluja ...

Furniture and home decor brand Urban Ladder, which on Wednesday opened its 50th store, said it plans to double this store count by March 2024. The company, which opened its latest store in Kolkata, has rapidly scaled up its offline presence in the last nine months as it was operating only 13 stores until June 2022. "... the company plans to expand its retail stores in 32 cities by 2023 and aims to double this number by March 2024," Urban Ladder said in a statement. Starting its journey as an online brand, the company would continue to strengthen its presence in the e-commerce segment. "The world of e-commerce is rapidly expanding, and Urban Ladder also aims to strengthen its online presence through UL.com and Jiomart," it said. Urban Ladder Chief Business Officer Nishant Gupta said the company has a robust expansion plan to cater to consumers across various metro and non-metro markets. "Our customers have always supported and motivated us to create unique offerings and every comp

Players counting on omni-channel retail, affordable products

Urban Ladder was valued at around Rs 1,200 crore in 2019 and this dropped to about Rs 750 crore in 2019

From market-cap to GDP ration touching highest in 12 quarters, to bond the market's positive reaction to RBI's moves, here are the top headlines on Monday

The deal is expected to help Mukesh Ambani-headed RIL take on players such as Amazon, Flipkart, Ikea, and smaller rival Pepperfry

Billionaire Mukesh Ambani-owned Reliance Industries' retail arm has picked up 96% stake in online furniture retailer Urban Ladder for over Rs 182 crore

RRVL proposes to make a further investment of up to Rs 75 crore. The further investment is expected to be completed by December 2023

Reliance Industries Ltd is in various stages of negotiations to either buy out or purchase stakes in Urban Ladder, Zivame, Netmeds

According to a report, the discussion with Urban Ladder has been going on for the last few months and is now at an advanced stage

Loss-making company runs experience studios across 65 locations, covering 25 cities

Online furniture retailer posts Rs 49 crore net profit

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

Investor Vani Kola of Kalaari Capital has also resigned from the firm's board

This includes a $20-30 million one in equity financing in the next six months, said its cofounder and chief executive officer (CEO) Ambreesh Murty

In 2017-18, the company's losses stood at around Rs 118.66 crore, by cutting down on the expenses almost by half at Rs 232.73 crore

Urban Ladder has a combination of large-format and small stores in Bengaluru and Delhi-NCR, its key markets

Our offline expansion in Bangalore has been extremely well-received by customers, said CEO

The company has raised $103 million till date

After five long years of trying to champion the online-only model of selling furniture to Indian consumers, Urban Ladder has given in and opened its first offline experience centre in Bengaluru.The centre represents Urban Ladder's first big bet in offline retail where it plans to invest between $10-15 million over the next one year. It says the move to offline became inevitable as the size of the online market turned out to be far smaller than what was predicted earlier."Over the last year we received a lot of feedback from customers for whom engaging with the brand deeper, than just online was a big differentiator. That really made us think about going offline," said Ashish Goel, co-founder and CEO of Urban Ladder.Urban Ladder's key competitor in India, Pepperfry too arrived at much the same conclusion and opened its first offline store in August last year. Both companies don't directly sell products in their stores, but help customers experience the quality of products before ...