wordpress blog stats
Connect with us

Hi, what are you looking for?

Yebhi’s CEO Danish Ahmed quits to start own venture Shopsity

Danish Ahmed

Danish Ahmed

Danish Ahmed, co-founder CEO of fashion and lifestyle aggregator Yebhi.com, has quit the company to start his own venture called Shopsity Tech Pvt Ltd, which will provide information on fashion products being sold in the users’ vicinity through an app, reports TechCircle.

Speaking to the publication, Ahmed said that Shopsity will allow users to see what is selling in stores nearby and allows them to choose the designs of their choice, check out the latest offers, and make a shopping list and then go out to try the product and purchase it. Shopsity already has an Android application and according to the description page it allows users to find over 5,000 stores across Delhi, Bangalore, Pune, Hyderabad, Gurgaon, Mumbai, Chennai, Noida, Calcutta, Lucknow, Chandigarh, Ahmedabad.

Earlier top level exits and woes

Earlier last year, Yebhi’s other co-founders Nitin Agarwal and Rajul Jain exited the company. According to their LinkedIn profiles, Rajul Jain has since joined Myntra as a senor vice president for supply chain management and Nitin Agarwal is serving as a director at Equirus Capital.

Yebhi Chief Business Officer Nikhil Rungta also quit in March 2014 to join Reliance Jio as CMO, barely a year after he joined Yebhi.

In 2013, Raul Rai, MD of FGPI and Suvir Sujan co-founder of Nexus Venture Partners quit Yebhi’s board of directors to start their own ventures. At the same time the company  dropped plans to raise any further investment in a bid to “create profitability first and break-even”. It was also undergoing a cost restructuring which had led to employee layoffs.

Yebhi also had partnered with IRCTC in 2013 to manage its ecommerce platform. Yebhi was responsible for managing everything from customer experience from the website user interface to the final delivery of the product to the customer. The deal  fell through in August 2014 as  IRCTC silently shut down its e-commerce platform. 

Started in 2009 and run by Gurgaon-based Big Shoe Bazaar India Pvt Ltd, Yebhi had started as BigShoeBazaar before it became a horizontal e-commerce merchant dealing in categories such as apparels, accessories, home furnishings, toys, electronics and online mobile recharge. In September 2014, Yebhi.com pivoted its business model from that of an ecommerce portal to an aggregator of products from other e-commerce platforms, like Myntra, Jabong, and Flipkart among others.

You May Also Like

News

Truecaller has appointed a new chief financial officer, Odd Bolin, to prepare the company for an initial public offering (IPO). The Sweden-headquartered caller identification...

News

The Federation of All India Vyapar Mandal (FAIVM), a pan-India body of traders and retailers, has recommended that the government impose a tax of...

News

Google Cloud has elevated Karan Bajwa — who currently heads its business in India — to lead operations in the Asia Pacific region, the...

News

The Department for Promotion of Industry and Internal Trade (DPIIT) has forwarded complaints against Amazon and Flipkart, made by traders body Confederation of All...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ