Furniture retailer Urban Ladder is looking to raise around Rs 130 crore in 2018 as part of its expansion plan.
The round will see participation from at least one new investor, apart from the existing investors.
Till date, the company has raised more than Rs 700 crore from a clutch of investors including Ratan Tata, SAIF Partners, Kalaari Capital and Sequoia Capital.
Over Rs 65 crore will be invested in FY 2019 on product design and development to open 15 large-format brick-and-mortar stores and introduce technologies like virtual reality at its stores.
Presently, the company operates four offline stores in Bengaluru. A large-format store, measuring between 4,000 sq ft and 6,000 sq ft, entails an investment of about Rs two crore, while small-format stores of under 1,000 sq ft requires around Rs 25 lakh.