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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

August - 2012 - issue > Venture Beat

Yebhi grabs $20 Million in Series C Funding

SI Team
Monday, July 30, 2012
SI Team
Yebhi.com has grabbed another round of funding of $20 million in series C led by Fidelity Growth Partners India and Qualcomm Ventures. The existing investors Nexus Venture Partners and Catamaran also participated in this round of funding. Post funding, Raul Rai, Managing Director, Fidelity Growth Partners joins Yebhi.com as a Director on board and will help strengthen the core initiatives of the organization.

Founded in 2009, Yebhi.com was earlier known as bigshoebazaar.com. It later rebranded its consumer facing portal and expanded its product offerings to include lifestyle categories. Yebhi operates a hybrid online and offline wholesale cash and carry business through bigshoebazaar and Yebhi.com. It is looking forward to expand its reach in the smartphone market and create some unique m-commerce platforms in the near future. Few months ago, the company acquired a jewellery portal StylishYou.in.

Manmohan Agarwal, CEO, Yebhi.com says, "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 fulfillment centre, efficiencies in our supply chain and our logistics network are key to supporting Yebhi's customer connect. This round of funding will further strengthen these core initiatives."

The company focuses on providing best value for money to its customers, fastest shipping for its customers order, widest range of choices for its customers, and to enable the brand partners to reach the widest audience.

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