It has done so in form of venture debt financing from Trifecta Capital. The funding was raised through issue of non-convertible debentures, and compulsorily convertible shares, in the month of June. Compulsorily convertible preference shares provide an assured or fixed rate of return to investors, and have to be compulsorily converted into normal shares after a prefixed date.

Online furniture store Urban Ladder raises $3 mn

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