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Junglee Corp co-founders Anand Rajaraman & Venky Harinarayan invest in Urban Ladder

Silicon Valley
entrepreneurs Anand Rajaraman and Venky Harinarayan have reportedly made an
investment in online furniture and home décor company Urban Ladder.

Silicon Valley
entrepreneurs Anand Rajaraman and Venky Harinarayan have reportedly made an
investment in online furniture and home décor company Urban Ladder.

According to a
Business Standard report, the entrepreneur duo have come on board as investors
at a time when the company is ramping up its technology platforms and offerings,
to redefine furniture shopping in India.

The company is
working on several tech innovations to solve complex furniture e-commerce
problems, reports Business Standard. Some of the key focus areas for Urban
Ladder are mobile, data and analytics and product visualization. In an effort
to provide world class furniture shopping solutions, the company will triple
the size of its tech team in the next 6 months.

“We are thrilled
to have veterans like Anand and Venky onboard as investors to mentor and guide
us. They have done some fantastic work in technology, and set very high global
benchmarks. It is great that they believe in the potential of the Indian
e-commerce industry and are reinvesting in the ecosystem” Ashish Goel, Co-founder
& CEO, Urban Ladder, told Business Standard.

 “Furniture and home décor is a highly
unorganized category in India, and Urban Ladder has been able to fill the need
gap by finding great solutions for customers. The company’s journey has been
very impressive. It’s a great team, off to a terrific start, and well
positioned to be the leading furniture and home décor company in India” Anand
Rajaraman, Founding Partner, Cambrian Ventures, was quoted in the report as
saying.

Anand and Venky co-founded
Junglee Corp in 1996, and pioneered internet comparison shopping. They
co-founded Cambrian Ventures, an early stage VC fund in 2000, and Kosmix, a
website that organizes the internet by topic in 2005. In 2011, Kosmix was
acquired by Walmart and both Anand and Venky headed the Walmart Labs operations
till June 2012.

Urban Ladder is
strengthening its product portfolio and introducing new categories, along with
geographical expansion to 30 cities by the end of the year. The company has, so
far, raised $77 million from Sequoia Capital, TR Capital, Kalaari Capital, SAIF
Partners and Steadview Capital in the last 3 years. In November 2014, Ratan
Tata, Chairman Emeritus, Tata Group has also made a personal investment in the
company.   

 

 

 

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