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Bigshoebazaar Raises Rs 100 Crore From Fidelity, Qualcomm & Existing Investors

Online cash and carry shoe aggregator, Bigshoebazaar India, which operates a hybrid online and offline wholesale cash and carry business, and an e-commerce website, Yebhi.com, has raised Rs 100 crores in Series C funding from Fidelity Growth Partners India and Qualcomm Incorporated and existing investors like Nexus Venture Partners and Catamaran Ventures. The company plans to use the funds raised to strengthen their fulfilment centre, logistics network and improve their supply chain efficiency, as indicated by Manmohan Agarwal, CEO of the company . Founded in 2009, Yebhi.com was previously known as bigshoebazaar.com. It later re-branded its consumer facing portal and expanded its product offerings to include lifestyle categories like apparel, shoes, jewellery, bags and other related products. Yebhi.com claims to offer products from more than 150 brands including prominent ones like Puma, Reebok, Rockport, Woodland and Karigari among others, and claims to receive 3,00,000 daily visitors. Funding: Bigshoebazaar had raised…

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