India: Venture-backed Urban Ladder reports higher losses as wage bill, ad spend climb

Urban Ladder, the online furniture retailer, reported a wider loss in 2014-15, hurt by a spurt in advertising and marketing expenses and an enlarged wage bill. The lacklustre results of the firm backed by Ratan Tata and venture capital firm Sequoia Capital come at a time when many investors are clawing back on fresh funding, prompting start-ups to focus on profitability.