News > Reliance Retail Ventures acquires majority stake in Urban Ladder for ₹182.12 crore
Reliance Retail Ventures acquires majority stake in Urban Ladder for ₹182.12 crore
15/11/2020 11:40 AM | Click to read full article
RRVL has bought 96% holding in the equity share capital of Urban Ladder.
The eight-year-old startup operates a digital platform for home furniture and decor products. It also has a chain of retail stores in several cities across India. Urban Ladder has had a rough ride in recent years. Last November, it raised ₹15 crores, though some of its existing investors did not participate in the round.