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Yebhi.com raises Rs 40 crore from Narayan Murthy’s Catamaran Ventures and NVP

Yebhi.com has raised Rs 40 crore from Infosys Technologies
founder Narayan Murthy-owned Catamaran Ventures and Nexus Venture Partners. Catamaran
Fund has picked up 13 per cent stake in Yebhi for Rs 26 crore and Nexus bagged 7
per cent for Rs 14 crore. In 2010, Nexus had invested $2.5mn in Yebhi.

Yebhi.com has raised Rs 40 crore from Infosys Technologies
founder Narayan Murthy-owned Catamaran Ventures and Nexus Venture Partners. Catamaran
Fund has picked up 13 per cent stake in Yebhi for Rs 26 crore and Nexus bagged 7
per cent for Rs 14 crore. In 2010, Nexus had invested $2.5mn in Yebhi.

“The funds will be used to strengthen supply chain and
setting up warehouses to support growth at the front-end,” Manmohan Agarwal,
co-founder, Yebhi.com has said. Both Nexus and Catamaran are working closely
with the firm to build scale and a robust ecommerce platform.

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