Urban Ladder posts maiden profit in FY19, sales jumps nearly two-fold

Online furniture retailer posts Rs 49 crore net profit

In a major feat, online furniture retailer Urban Ladder has turned out profitable apart from posting healthy revenue growth. In the financial year ended March 31, 2019, eight-year old firm has posted Rs 49.4 crore in net profits, its first positive bottom-line since starting out. In FY18, the company had reported a loss of Rs 118.6 crore and a year before that Rs 458 crore.

With this, Urban Ladder joins the league of select Indian startups such as Byju’s, PolicyBazaar, and OLX that are profitable on net basis. With investors now cautious of funding loss-making businesses, start-ups have also turned to