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September 01, 2014

Deal Alert: CCube Angels increases stake in Tier II cities focused e-tailer edabba.com

Singapore-based angel investing group CCube Angels is raising its stake to 25% in Delhi-based start-up 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 in states like Uttarakhand, Bihar and Rajasthan. The firm will use the funds to expand in existing markets and tap other states like Karnataka and Maharashtra. 

Source: Economic Times

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