Qualcomm Ventures, the corporate venturing unit of the eponymous US-listed chip maker, has re-invested in a $12m (Rs 65 crore) bridge round in Big Shoe Bazaar India, an online retailer behind the Yebhi.com fashion and lifestyle channel.
Before this latest funding round, Yebhi had raised $27.8m (Rs 150 crore). The latest round follows on from a $18.5m (Rs 100 crore) series C round from Fidelity Growth Partners India, Qualcomm, Nexus Venture Partners and Infosys’ Catamaran Ventures in July 2012; a $7.5m (Rs 40 crore) Series B investment from Nexus Venture Partners and Catamaran Ventures in July 2011 and a $1.8m (Rs 10 crore) Series A round from Nexus Venture Partners in February 2011, according to a variety of news sources including TechCircle.
Other recent investments in India by Qualcomm Ventures include the India finalist in its international Qualcomm Ventures QPrize 2012 venture investment competition, Deck App Technologies.
The second prize winner of the competition Uberlabs, a company that provides social customer relationship management services for images and videos.