Yebhi.com, the retail e-commerce website has raised $12 million as bridge round of funding from its existing investors, Fidelity Growth Partners India, Qualcomm Ventures, Nexus Venture Partners and Catamaran Ventures reports TechCircle. Its currently not clear how the company plans to use the funds raised. Citing sources, the report also states that the company is looking to raise $40 million in a fresh funding round, although Yebhi CEO Manmohan Agarwal has told the publication that it is currently not looking for any additional investment. Yebhi has so far raised Rs 150 crore apart from the latest bridge round. This includes Rs 100 crore Series C funding from Fidelity Growth Partners India and Qualcomm Incorporated and existing investors like Nexus Venture Partners and Infosys Chairman, Narayana Murthy's Catamaran Ventures in July 2012, a Rs 40 crore Series B investment from Nexus Venture Partners and Catamaran Ventures in July 2011 and a Rs 10 crore Series A round from Nexus Venture Partners in February 2011. New Website & Logo: Earlier this week, Yebhi had revamped its website, bringing in an updated Yebhi Live which featured a real-time feed of what users were selecting and buying on Yebhi.com and opting for a new logo for the brand. This is Yebhi's second website redesign in the last year, after introducing a Pinterest-like website redesign in July 2012. Along with the redesign, Yebhi had also introduced a mobile/DTH recharge option on the site, allowing users to recharge their prepaid mobile number or DTH connections. In May 2012, Yebhi.com had acquired stylishyou.in, a…
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