Urban Ladder names Jaipal Singal as Chief Financial Officer

Online furniture company, Urban Ladder, has appointed Jaipal Singal as chief financial officer with immediate effect. Before coming to Urban Ladder, Singal was working with Arvind Fashion Brands, and has previously been associated with Marks & Spencer and Mahindra Retail.

The company in a statement said, "Singal will lead the charge to improve the company’s profitability and will be responsible to build a strong accounting function with world class governance practices. He will also drive financial efficiency across functions as a thought partner for strategic business decisions."

According to the company, in the last 6 months Urban Ladder has made a strategic shift to open new distribution channels to achieve the next phase of growth. Retail will be a big focus area for Urban Ladder going forward with its first retail store opening in Bangalore in July this year.

The company aims to break even in the next 18 months, and is targeting an IPO in the next 4 years.

Ashish Goel, CEO and Co-founder, Urban Ladder, said, "We are very excited to have Jaipal on board at a time when we have made a strategic shift from being an e-commerce company to a retail brand. His vast experience in the retail sector is a fantastic addition for us. We are sure he will support the organisation in working towards our growth goals, as well as leading the charge to improve our profitability, and setting high standards for corporate governance."