Yebhi.com raises Rs100 cr from Fidelity Growth Partners, others
New Delhi: Online wholesale cash and carry company Big Shoe Bazaar India Pvt. Ltd, the brand owner of Yebhi.com, has raised Rs100 crore in its Series C round of funding led by Fidelity Growth Partners India and Qualcomm Ventures. Existing investors Nexus Venture Partners and Catamaran also participated in the round.
The wholesale cash and carry venture supplies shoes, apparel, lifestyle accessories, jewellery, mobiles, electronics, kitchenware and homeware across a variety of brands from wholesalers to smaller retailers through an online catalogue. This enables small retailers to access a large number of brands at their doorstep conveniently, while enjoying healthy margins.
“Our investment in Big Shoe Bazaar has come at a time when the rapid rise of smartphones, tablets and social media networks stands to greatly influence the way people engage in online shopping," said Karthee Madasamy, senior director, Qualcomm Ventures, India and Israel, in a statement.
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