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Urban Ladder collects IndoUS Ventures-led first funding round

9 Aug 2012

IndoUS Venture Partners has led the first funding round into Indian online furniture store Urban Ladder, it is understood.

The company said it would use the capital to expand its team and improve its infrastructure and customer experience, according to a report by plugged.in.

Urban Ladder sells products including bookshelves, dining and occasional tables and display units.

Bangalore-based IndoUS Venture Partners is just $1m away from hitting its $150m target for its second early stage fund.

The fund managed a $97.5m first close in last October and had gathered $132.5m by April this year, according to filings with the US Securities and Exchange Commission.

IndoUS II will target early-stage investments in India-based companies, with a focus on first and second round financings in return for minority stakes of more than 25 per cent.

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