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September 02, 2013

Deal Alert: CCube Angels to invest Rs.4.5 Cr in small towns focused e-tailer edabba.com

Singapore-based angel investing group CCube Angels has agreed to buy a minority stake for INR 4.5 crores in Delhi-based Omnipresent Retail India, which runs online retail portal edabba.com. edabba sells a range of products, including electronics, personal accessories and jewellery – mostly in smaller towns and cities – and is supported by over 400 contact centres offering after sales service. The company will use the latest round of funding to expand its contact centres to over 1,000 in the next six months. 

 
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