Online furniture store Urban Ladder announced that it has raised $5 million in Series A funding from SAIF Partners and Kalaari Capital. The company had earlier raised a seed funding worth $1 million from Kalaari Capital in August 2012.

Ashish Goel, CEO and Co-founder, Urban Ladder, said, “In just over a year, we have established ourselves as the leading online furniture destination in India. We are on track to achieve our goal to be the largest furniture store, online or offline, in India within the next 18-20 months. This round of funding will further help strengthen our customer service experience, technology platform and expand our reach and product range.”

SAIF Partners is a venture capital and private equity firm that has invested in companies such as MakeMyTrip.com, JustDial.com and FirstCry.com.

Deepak Gaur, Managing Director, SAIF Partners, said, “Furniture in India is a huge market with potential to create a large online business. In this category, Urban Ladder has been able to differentiate itself by offering unique and innovative designs and excellent customer experience. We believe that the company has the promise of break-out growth. We are excited to partner with Ashish and Rajiv in this journey.”

Launched in July 2012, Urban Ladder plans to use the amount raised to further expand categories and its reach across Indian cities.