Yepme Raises Fouth Round of Funding
Yepme joined e-commerce giant Amazon’s global selling programme, under which its fashion products will be sold in key European markets such as the UK, Germany, France, Italy and Spain.
They have raised an undisclosed amount of fundraising from Gokaldas Exports Ltd. (GEX) according to Vccircle report. However, as per Crunchbase, Yepme.com has raised $45 million from a group of investors, investors names are still undisclosed.
The company, which makes its own brand name clothes, will put the money towards brand building and the launch of an ethnic India line ahead of the festive season of Diwali.
Existing investor Helion took part in the fundraising, some sources say. The firm will use the funds for the operations of its UK entity, Yepme UK Plc which deals in fashion products exclusively for the international markets, mainly the US, Europe and the Middle East.
Earlier this month, Yepme raised Rs 4.5 crore (around $700,000) in bridge funding by issuing optionally convertible debentures to Kolkata-based Rainbow Digital Services Pvt. Ltd and Noida-based ILearnFinance Academy Pvt. Ltd, according to documents filed with the Registrar of Companies.