Yepme acquires $75 million

Yepme, the Indian online fashion retailer, has raised $75 million from Malaysian state fund Khazanah Nasional Berhad.
Yepme acquires $75 million
Yepme, the Indian online fashion retailer, has raised $75 million from Malaysian state fund Khazanah Nasional Berhad. The company will put the money towards brand building and the launch of an ethnic India line ahead of the festive season. 
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, the sources said.
Credit Suisse advised Yepme, the source added.Helion did not comment, while Khazanah did not immediately respond to an email outside office hours.
Unlike Flipkart and some other online retailers, Yepme sells its own brands on its website, as well as on other e-commerce sites.
 
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