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Urban Ladder raises $50 mn in fresh funding

Online furniture retailer Urban Ladder on Thursday said it has raised $50 million (about Rs 310 crore) in a fresh round of funding led by Sequoia Capital. Existing investors SAIF Partners and Kalaari Capital also participated in this round.

The Bangalore-based firm will utilise the capital to fund its expansion to 30 cities by year-end. Urban Ladder has raised $27 million from Kalaari Capital, SAIF Partners and Steadview Capital in the past
three years.
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