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New Delhi, July 10, 2012: Big Shoe Bazaar India Pvt Ltd., the leading online wholesale cash and carry company, announced that it has raised INR 100 Crin Series C round of funding led by Fidelity Growth PartnersIndia and Qualcomm Incorporated, through its venture capital investment arm, Qualcomm Ventures.Existing investors, Nexus Venture Partners and Catamaran also participated. Big Shoe Bazaar is also the brand owner & licensor of Yebhi.com, which is India's fastest growing mass market ecommerce site.
The wholesale cash and carry venture supplies shoes, apparels, lifestyle accessories, jewellery, mobiles, electronics, kitchenware and homeware across a variety of brands from wholesalers to smaller retailers through an online catalogue. This enables the small retailers to access a large number of brands at their doorstep,conveniently, while enjoying healthy margins.
"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,"said Raul Rai, Managing Director, Fidelity Growth Partners India.
"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. 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. We are delighted to co-lead this financing round."said Mr. KartheeMadasamy, Senior Director, Qualcomm Ventures, India and Israel.
Elaborating on the growing portfolio of the company, ManmohanAgarwal, CEO, Big Shoe Bazaar India Pvt Ltd added "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."
BigShoeBazaar India Pvt Ltd is India's leading online wholesale Cash and Carry company and is the owner/licensor of Yebhi.com. In 2010, the company raised INR 10 Cr ($2 Mn) of Series A funding by Nexus Venture Partners followed by a second round of funding of INR 40 Cr ($8 Mn)in 2011 led by Catamaran Ventures.
BigShoeBazaar licenses the brand "Yebhi.com" to India'??s fastest growing mass market online ecommerce site which offers products across categories like home, lifestyle & fashion, and electronics. Yebhi.com carries a rich mix of quality and variety and has established strong associations with over 400 prominent brands including Tommy Hilfiger, Calvin Klein, Puma, Reebok, Aiva, 5th Avenue, Rockport, Woodland, Florsheim, Adidas, Benetton, GAS, Flying Machine, Levi'??s, S.Oliver, Colorplus, Fastrack, Titan, Timex, Calvino, Guess, Victoria'??s Secret, Private Structure, B'??witch, Enamor, Bajaj, Philips, Rosebys, Welspun, and Karigari among others.
Fidelity Growth Partners India (FGPI) is the India-focused private equity arm of Fidelity Worldwide Investment, focused on cross-sector growth capital investing. FGPI seeks to invest in high-quality, high-growth companies in India across a broad range of sectors with typical investment sizes ranging from $10 million to $50 million. FGPI is committed to making the companies it invests in leaders in their industries through access to patient capital with a long term investment mindset, a powerful network of resources and a team of investment professionals with a proven track record of success. Fidelity, Fidelity Worldwide Investment and Fidelity Growth Partners India are trademarks of FIL Limited.
Qualcomm Ventures, the venture investment group of Qualcomm Incorporated, was launched in the United States in November 2000 with an initial US$500 million allocation. Qualcomm Ventures?? aim is to support Qualcomm'??s mission of enabling and fostering 3G and wireless Internet markets through investments in privately owned startup ventures. These investments include companies focusing on wireless communication technologies and products serving consumer, enterprise and vertical markets worldwide. For more information, please visit www.qualcommventures.com.
New Delhi, May 10, 2012: In tune with its promise to look at smaller e-commerce firms for acquisition, lifestyle and fashion e-tailer Yebhi.com has acquired Stylishyou, an online shop offering fashion jewellery. The deal includes both cash and equity, and Yebhi has also acquired the merchandising team as part of this deal. However, the monetary details of the deal have not been disclosed.
Set up in January 2011 by entrepreneur Shraddha Danani, Stylishyou is positioned to be a one-stop portal for exclusive brands of designer jewellery and accessories. Shraddha'??s previous outing as an entrepreneur was at Design Studio, which housed designer home accessories. She has also been associated with Accenture and Tata Infotech in her prior stints. Asked about the acquisition, Manmohan Agarwal, CEO of Bigshoebazaar India Pvt. Ltd. (Brand Owner Yebhi.com) said, "We at Yebhi make constant efforts to improvise on the basis of people'??s feedback. Now, the demand is highest for jewellery and we will ensure that along with lifestyle, Yebhi will also be India'??s largest online jewellery store."...
New Delhi, April 14, 2012: Ecommerce leader, 100,000 sq ft warehouse (sorry, "fulfilment centre"), 6,000-25,000 items shipped every day, 500-plus employees at this site big numbers, but where's the buzz? Could be a power cut, one thinks, walking into Yebhi.com warehouse just off the national highway on the outskirts of Gurgaon. It is cool, dim and quiet, nobody is rushing around, and outside the main door a handful of people not wearing uniforms are sitting or standing around a swing and smoking. What's wrong? ...
New Delhi, February 24, 2012: Yebhi.com, India's fastest growing e-retailer has bagged the prestigious Home & Lifestyle eRetailer Award at India eRetail Congress 2012 awards presented by Retailer and Bloomberg UTV. The awardee specializes in Shoes, Apparels, Bags, Lifestyle, Lingerie & furnishings for home and has successfully catered to 1.2 million registered users.
Manmohan Agarwal, CEO of Bigshoebazaar India Pvt Ltd (owner Yebhi.com), was conferred with the award at the India eRetail Congress 2012 held at Hotel Claridges, Surajkund, Faridabad, yesterday, which was attended by the notable retailers across the country. Yebhi.com was amongst the e- retail contenders who proudly lifted the trophy for providing best solutions in Home & Lifestyle category. The eRetailer award is a positive reinforcement of Yebhi.com'??s ability and commitment to keep up the great work that they have undertaken.
Mr. Agarwal, said, "Yebhi.com prides itself in delivering world class products and services to its customers always and we feel extremely proud and honored to receive this appreciation. We also take this opportunity to renew our pledge to provide unmatched services and a pleasant hassle-free online retail experience to our customers, the credit of which goes to our strong back-end service team and our fulfillment centre."
New Delhi, February 08, 2012: Yebhi.com, India's Largest Home, Lifestyle & Fashion e-retailer has bagged the Customer & Brand Loyalty award in Online Retailing Sector at the 5th Loyalty Awards which were presented by AIMIA, a prestigious international organization which specializes in customer loyalty programs. Mr. Amar Singh, Vice President, Merchandising Yebhi.com, received the award at a glittering ceremony held at the Intercontinental, Lalit, Mumbai this month, which was attended by luminaries from IT, trade and travel industries. Yebhi.com was amongst the e-commerce peers who stood out in this category. Mr. Manmohan Agarwal CEO of Bigshoebazaar (brand owner of Yebhi.com) said, "Yebhi works solely towards making buying at Yebhi a delightful experience for the consumers. This award proves that we have been successful in our endeavors in providing a wide variety, along with a service & value-driven customer-centric approach. The accolades and awards we receive have been made possible by our customers?? support to who we are eternally grateful. We have over 1.2 million happy registered users; the number is growing exponentially with 6000 orders fulfilled every day across the country. Awards like this are a testimony to people's love and trust in Yebhi."
Mr. Agarwal stated We are glad to introduce an unusual category to our store. Consistent feedback from our consumers actually induced us to initiate this product category. We are quite confident that our consumers would be highly benefited from this service. We aim at bringing in 'convenience to our customers' life by delivering every possible products or services at their doorsteps. We have extensive plans to roll out some other unique categories to our product portfolio which can cater to consumers?? everyday needs.
Long calls and then the last minute credit crisis in a prepaid connection is a frequent problem faced by its users. In order to eliminate these daily worries, Yebhi.com is pleased to offer the mobile recharge facility to its consumers. By this service a user can simply log on to Yebhi.com and recharge their mobile at just a click.
Mr. Manmohan Agarwal CEO of Bigshoebazaar (brand owner of Yebhi.com) stated We are glad to introduce an unusual category to our store. Consistent feedback from our consumers actually induced us to initiate this product category. We are quite confident that our consumers would be highly benefited from this service. We aim at bringing in convenience to our customers?? life by delivering every possible products or services at their doorsteps. We have extensive plans to roll out some other unique categories to our product portfolio which can cater to consumers?? everyday needs.
A venture that was earlier in November 2011pegged as a potential threat to the then leading E-commerce companies proved its worth in the third week of January 2012 when Yebhi.com was adjourned as the Hottest Internet Company at the CNBC-TV 18 Young Turks Awards powered by Mercedes Benz.
Speaking about the feat., Mr. Manmohan Agarwal CEO of Bigshoebazaar (brand owner of Yebhi.com) , said that This was made possible only by the strong backbone, our Fulfilment centre and extremely customer centric human resources. More than the adulation of awards, its people's appreciation and loyalty that matters more.
The event that took place in New Delhi, saw the presence of other e-commerce gaints as well but Yebhi.com proved it's mettle owing to the company's customer oriented approach that led to the company winning the coveted title of the Hottest Internet Companies. The other catalyst behind Yebhi.com's such feat that won over the masses is it's Fulfilment Center, its 1,00,000 sq ft warehouse, which swept the jury off their feet.
Yebhi.com India's first multi-brand online shopping portal introduces Flat 40% off on the shoe collection this Republic Day.
A huge range of premium and comfortable shoes from over150 brands like Puma, Woodland, Hush puppies, Adidas, Nike, Rockport etc is now available at never before prices.
Saluting the 60 years of Republic walk, Yebhi.com makes an effort to make the walk of the progressing India more comfortable and stylish by offering the best discounts on the wide range of its premium shoe collection. Implanting the Republic Day spirit in all age groups Yebhi.com declares this discount on all categories of shoes for men, women and kids.
So Hurry up as the Offer is valid on 26 January only!!!!
This winter grace your abode with elegant charm and magic with Yebhi.com home decor range. Yebhi.com, a multi-brand online retail store rolls out a whole new collection of home decor products to elate its patrons.
Bring life into your abode and restore the feeling of freshness with elite ranges of products by Yebhi.com. The store brings forth an extensive range of high end products comprising of colorful, lush and soft bed sheet sets and Blankets of Valtellina, Aromatic oil and candles, decorative candle and candle stands, bed sheets, cushion and kitchen wear. Yebhi.com is all set to make your life easier and home beautiful.