InvestorQ : What is the advantage that Reliance Retail see in buying the online furniture retailer, Urban Ladder?
Mitali Bhutta made post

What is the advantage that Reliance Retail see in buying the online furniture retailer, Urban Ladder?

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NISHA Nayak answered.
1 week ago
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Reliance Retail Ventures, the retail arm of the Reliance group has bought he only furniture seller, Urban Ladder, for a consideration of Rs.182 crore. It has bought approximately 96% of the company to expand its presence in the lucrative online furniture market.

Reliance now already is the biggest seller of groceries, apparel and electronics and the readymade to order furniture is a big business opportunity at a time when people are being increasingly mobile and families are becoming more nuclear.

RRVL already has the option buy the balance 4% stake at a future date. However, Reliance has confirmed that it plans to be an active business partner and it intends to invest another Rs75 crore into the company by December 2023.

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