Hints Ladder prepares to establish its UL laboratory plan

Absrtact: It was learned that hints ladder, a furniture dealer based in Bangalore, India, announced recently that in order to expand its market share from 7 cities to 25 cities in the coming year, and to invest $21 million in the company's latest round of financing, this round

Hints ladder, a furniture dealer based in Bangalore, India, recently announced that in order to expand India's market share from 7 cities to 25 cities in the coming year, it has invested $21 million in the company's latest round of financing, financed by Hong Kong hedge funds Steadview Capital, and other investors include the Asia Investment Fund (SAIF) management Company (Kalaari) of the rich.

The Steadview capital of Hong Kong hedge funds has also invested in India's online car rental platform Olacabs with Sequoia.

In the Indian furniture electric business market, hints ladder also faces the competition of other online furniture retailers, as the furniture fans reported before, as the field is growing steadily, several furniture dealers such as fabfurnish, Pepperfry, etc. are fighting the Indian furniture market, In May this year, Pepperfry was given 15 million dollars to expand its offline stores. The field also attracts the keen interest of some large electric dealers such as Flipkart and Snapdeal, and the Swedish furniture giant will be involved in the Indian furniture market, which is valued at 8 to 1 billion dollars, as Ikea's first store in India is about to be built.

Hints Ladder, founded 2 years ago by Ashish Goelle (Ashish Goel) and Rajeev (Rajeev Srivatsa), learned that the company had previously raised 6 million dollars through 2 rounds of financing, in addition to extending to other cities in India, Extended product category such as lamps, floors, wallpaper, hints ladder is also preparing to establish its UL laboratory (UL Labs) plan.