Three senior execs step down from Urban Ladder

21 Feb, 2017

For-Urban-Ladder-Sen-Exec-Exit-Story_ThinkstockPhotos-102915200Three senior employees have resigned from furniture e-tailer Urban Ladder since October last year, marking yet another episode of top-level attrition at the country's e-commerce firms.

Vice president of products and design Kartikeya Misra, director of brand management Vishwanath V, and director of sales Suman Punuru have quit the company, their LinkedIn profiles show.

Misra, who joined the firm in January 2015, went to WalmartLabs India as director - product management in December last year. Prior to Urban Ladder, he was director - product management at Yahoo! Inc. Vishwanath, after just a 10-month stint at the company, has joined fashion portal Voonik as chief marketing officer while Punuru is currently freelancing as a consultant.

The development was first reported by The Economic Times, which said that all three had been drawing an annual salary package of close to Rs 1 crore.

An Urban Ladder spokesperson said, in response to a query from Techcircle: "We don't have any comments to share on this."

Urban Ladder's chief technology officer Apurva Dalal had joined taxi-aggregator Uber as head of engineering, India, in July last year.

The Bangalore-based company, owned and operated by Urban Ladder Home Décor Solutions Pvt. Ltd, raised close to Rs 102 crore (around $15 million) in a fresh round of funding from existing investors last week. Kalaari Capital, SAIF Partners, Steadview Capital and Sequoia Capital participated in the round.

In August last year, Urban Ladder raised venture debt worth $3 million (Rs 20 crore then) from Trifecta Capital.

In September last year, it moved away from a standalone model, joining hands with e-commerce firm Amazon India to boost sales.