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Yebhi.com Raises $12 Million As Bridge Round From Existing Investors

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…

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