Big Shoe Bazaar secure venture funding from Qualcomm
San Diego, California based Qualcomm has backed an online e-commerce named, Big Shoe Bazaar India Pvt Ltd.. According to Big Shoe, it has raised $20 million in a Series C funding round, which was led by Fidelity Growth Partners India, and Qualcomm, via Qualcomm Ventures.
Other investors in the startup include Nexus Venture Partners and Catamaran. Big Shoe runs Yebhi.com, an online retailer of shoes, footwear, apparel, and other related products. Qualcomm has an Indian arm of Qualcomm Ventures, which covers both India and Israel.
What this means:
West Coast investors whether corporate VCs or traditional VCs continue to be upbeat about the India market and keep investing in startups that draw revenue from India’s consumers and businesses.
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation.
Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject.
He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.
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