Reliance Retail Acquires 96% Stake In UrbanLadder For Rs 182 Crore; UrbanLadder Does Online Retailing Of Home Furniture And Decor Products

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Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL) has acquired equity shares of Urban Ladder Home Decor Solutions Private Limited (UrbanLadder) for a cash consideration of Rs 182.12 crore. The investment represents 96 per cent holding in the equity share capital of UrbanLadder. 

Source: Glassdoor

UrbanLadder was incorporated in India on February 17, 2012. UrbanLadder is in the business of operating a digital platform for home furniture and decor products. It also has a chain of retail stores in several cities across India. UrbanLadder’s audited turnover was Rs 434 crore, Rs 151.22 crore and Rs 50.61 crore, and Net Prot/(Loss) of Rs 49.41 crore, Rs 118.66 crore and Rs 457.97 crore in FY 2019, FY 2018 and FY 2017 respectively.

The aforesaid investment will further enable the group’s digital and new commerce initiatives and widen the bouquet of consumer products provided by the group, while enhancing user engagement and experience across its retail offerings. 

No governmental or regulatory approvals were required for the said investment. The investment does not fall within related party transactions and none of RIL’s promoter/promoter group/group companies have any interest in the transaction.



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