Bangalore: The online footwear store, BigShoeBazaar has bagged 100 Crore for a Series C funding led by Fidelity Growth Partners and Qualcomm Ventures. The website which is also a sister concern of Yebhi.com has already received investments from Nexus Ventures and Catamaran Ventures who are existing investors in the company. The funds would be used for expansion of business and acquiring wider range of customers, reported DealCurry.

The company was founded by Manmohan Agarwal, Nitin Agarwal, Danish Ahmed and Rajul Jain in 2009 and it operates a hybrid online and offline wholesale cash and carry business through BigShoeBazaar and Yebhi.com. The company is now looking forward to expand their reaches in the Smartphone market and create some unique M-commerce platforms in the near future.

"The funds will go towards strengthening our fulfillment centre and creating efficiencies in our supply chain and logistics network. We will be using our existing infrastructure to create some unique M-commerce platforms over the next 6 months," Manmohan Agarwal, CEO of BigShoeBazaar told Economic Times. Bigshoebazaar.com had been looking to acquire smaller players especially in the home and lifestyle and fashion space. Yebhi’s nearly one-third of the revenue still comes from footwear category and it is aggressively ramping up its presence in other fashion categories, says DealCurry.

The growing Smartphone and tablet market in India has been attracting many investors to pump funds into the market. The number of mobile subscribers in India now stands at a whooping 700 Million after a rapid growth since last year. "The rapid rise of Smartphones, tablets and social media networks will greatly influence the way people engage in online shopping," says Karthee Madaswamy, Senior Director at Qualcomm Ventures.