Gurgaon-based online fashion retailer, YepMe, has raised $75 Mn in a funding round led by Malaysian state fund Khazanah Nasional Berhad, states Reuters. Existing investor Helion also participated in this round of funding.
Launched in August 2010 by Vivek Gaur, Sandeep Sharma and Anand Jadhav, YepMe, is an online fashion brand which makes its own brand name clothes showcasing menswear and accessories featuring formal, casual, outdoor and party wear. Other than that, the portal also sells apparels, watches, specs, footwear and other items.
The brand targets style conscious men & women between the age of 20-29 years, in India. The company services over 1000 cities monthly and delivers about 500,000 products to its customers every month.
The company will use the funds towards brand building, and launch of an ethnic India line ahead of the festive season (Diwali), according to the source close to the development.
YepMe has a talented team of in house designers from the top design institutes, operates on high agility to curate fresh and new designs on everyday basis. It’s team drives inspiration by real-time research and analytics on latest fashion trends running in the global fashion markets, keeps the online store exciting with fresh fashion merchandise showcased daily.
YepMe closely competes with other fashion platforms including Jabong, Myntra, Fashion and You among others.