Hotline: 1800 102 2007
X
Search Business Opportunities
2014-09-04

Singapore-based CCube Angels to invest in edabba.com

edabba\\\'s model hinges on collaborating with local shops in its target markets as well as a strong back-end technology platform and supply chain.

Singapore-based angel investing group CCube Angels has agreed to buy a minority stake in Omnipresent Retail India, which runs online retail portal edabba.com. CCube will invest Rs 4.5 crore in the Delhi-based start-up, as per a report by Economic Times Online.
 
 
"Neither brick nor click alone can service the aspiring customers of 'Bharat' satisfactorily," Manoj Kumar, cofounder and chief executive, Omnipresent, told ET.com. Kumar, formerly the head of electronic retail at Future Group, teamed up with his colleague Saurabh B Chadha to launch edabba in 2011.
 
 
edabba's model hinges on collaborating with local shops in its target markets as well as a strong back-end technology platform and supply chain. The company will use the latest round of funding to expand its contact centres to over 1,000 in the next six months.
 
 
Between 2009 and 2012, spending in rural India reached $69 billion (Rs 4.2 lakh crore) compared with $55 billion (Rs 3.3 lakh crore) spent by urban India, according to a report by Accenture.
Related opportunities
  • Ice creams & Yogurt Parlors
    About Us: Established in 2016, Pop Hop is a unique and..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 120
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Juices / Smoothies / Dairy parlors
    About Us: Monginis is a Bakery & Confectionary Brand in India, which..
    Locations looking for expansion Maharashtra
    Establishment year 1971
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Activity Centres, Day Care & Creches
    About Us: First  Five provides quality early education for young children..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Competitive Exam Coaching Institute
    About Us: Chennai RACE Coaching is an education industry in the..
    Locations looking for expansion Tamil nadu
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts