Don’t beat you competitors, buy
them and act quickly before the competition becomes big. This is what happening in ecommerce space in
India. Recently Yebhi.com acquired Stylishyou.in in all cash and stock deal. The cost of acquisition is not disclosed.
Yebhi.com, an online wholesaler of shoes, apparel, bags, accessories and gift items raised its first round of funding Rs.10 crore from Nexus and second round of funding Rs. 40 crore from Catamaran, Infosys co-founder NR Narayana Murthy's $129-million venture capital fund, along with Nexus.
On the other side, Stylishyou.in was
founded by Shraddha Danani in 2011, and houses exclusive brands and designer
jewellery and accessories.
Post-acquisition, the merchandising
team will be as a part of Yebhi.com. Shraddha Dadani will be joining
Yebhi.com as Head of Jewelry.
Ecommerce companies in India are in
nascent stage compare to the big retail stores like shoppers stops, lifestyle
etc. but have a good reach to educated class, professionals and housewives.
Recent trends are positive and growth is going to come in the space.