Chairman Emeritus Tata Sons Ratan Tata on 14 November 2014 announced to invest in online furniture company Urban Ladder.
The company did not disclose the amount and other details about the investment. The investment is his second personal investment in an e-commerce firm after Snapdeal in August 2014.
The investment comes four months after Urban Ladder raised 'Series B funding' from Steadview Capital and existing investors SAIF Partners and Kalaari Capital.
About Urban Ladder
The company was launched in July 2012. Urban Ladder was co-founded by IITian Ashish Goel and IIM Graduate Rajiv Srivatsa. It offers over 1000 products across 25 categories in furniture such as wardrobes, beds, sofas, dining tables and coffee tables.
The firm aims to be the biggest furniture seller in India in the next 18 months.
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