Nitin Agarwal and Rajul Jain, co-founders of online fashion and lifestyle portal Yebhi.com, run by Gurgaon-based Big Shoe Bazaar, have resigned from their positions.
Nitin Agarwal and Rajul Jain, co-founders of online fashion and lifestyle portal Yebhi.com, run by Gurgaon-based Big Shoe Bazaar, have resigned from their positions. This follows the resignation of board members Raul Rai and Suvir Sujan in November last year.
Yebhi.com is a horizontal e-commerce merchant that deals in categories like apparel, accessories, home furnishings, toys, electronics and the recently added online mobile recharge.
Early last year, the firm had raised a bridge round of $12 million from its existing investors. In 2012, it had raised its Series C of Rs 100 crore ($18 million) which was led by Fidelity Growth Partners India and Qualcomm Ventures; existing investors Nexus Venture Partners and Catamaran Ventures—the private investment arm of Infosys co-founder NR Narayana Murthy—also participated in the round.
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