Top News

Yebhi raises Rs 100 crore Series C led by FGPI and Qualcomm Incorporated

Big Shoe Bazaar India Pvt Ltd, the brand
owner of Yebhi.com, has announced that it has raised Rs 100 crore in Series C
round funding led by Fidelity Growth Partners India (FGPI) and Qualcomm Incorporated.
Previously, in 2010, the company had raised Rs 10 crore Series A funding
from Nexus Venture Partners followed by Rs 40 crore in 2011 led by

Big Shoe Bazaar India Pvt Ltd, the brand
owner of Yebhi.com, has announced that it has raised Rs 100 crore in Series C
round funding led by Fidelity Growth Partners India (FGPI) and Qualcomm Incorporated.
Previously, in 2010, the company had raised Rs 10 crore Series A funding
from Nexus Venture Partners followed by Rs 40 crore in 2011 led by
Catamaran Ventures. These existing investors also participated in the Series C
funding.

Manmohan Agarwal, CEO, Big Shoe Bazaar, said,
“Yebhi.com has pioneered mass market ecommerce in India and has taken
significant first mover advantage in this large segment. Big Shoe Bazaar’s
state of the art fulfilment centre, efficiencies in our supply chain and our
logistics network are key to supporting Yebhi.com’s customer connect.  Our Series C round of investments will
further strengthen these core initiatives.”

Rahul
Rai, MD, FGPI, said, “Big Shoe Bazaar is best positioned and equipped to
support the needs of mass market ecommerce sites like Yebhi.com.  Global leaders in the mass market segment
were able to take up value-based positions based on very strong back end
capabilities.  We believe Big Shoe
Bazaar’s strengths are unparalleled in the backend.”

Karthee Madasamy, Senior Director, Qualcomm
Ventures, India and Israel said, “The number of Internet users via mobile has
already surpassed Internet users via PC, creating a growing opportunity to
reach mobile connected consumers with unique shopping experiences. And in these
times when mobile is at the focal point, our investment in Big Shoe Bazaar
stands to greatly influence the way people engage in online shopping. We are
delighted to co-lead this financing round.”

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close