Marking his third investment in India’s burgeoning e-commerce space in 90 days, Tata Group chairman emeritus Ratan Tata has made a personal investment in Bangalore-based online furniture store Urban Ladder. The e-tailer, however, did not disclose the amount of investment.
Tata had made back-to-back investments in online marketplace Snapdeal in August and jewellery e-tailer Bluestone a few weeks later.
“Ratan Tata understands the furniture space very well, specially our focus on product design since he has a lot of knowledge of the subject. His inputs and guidance will be very valuable for us,” said Ashish Goel, CEO and co-founder, Urban Ladder.
Founded in July 2012 by Ashish Goel and Rajiv Srivatsa, Urban Ladder has so far raised $26 million from investors like Steadview Capital, SAIF Partners and Kalaari Capital.