User:Glelectronic/sandbox

IRCTC ties up with shopping portal yebhi.com & Yebhi.com ties up with GL Electronic. Yebhi.com has raised Rs 40 crore from Infosys Technologies founder Narayan Murthy-owned Catamaran Ventures and Nexus Venture Partners. Catamaran Fund has picked up 13 per cent stake in Yebhi for Rs 26 crore and Nexus bagged 7 per cent for Rs 14 crore. In 2010, Nexus had invested $2.5mn in Yebhi. "The funds will be used to strengthen supply chain and setting up warehouses to support growth at the front-end," Manmohan Agarwal, co-founder, Yebhi.com has said. Both Nexus and Catamaran are working closely with the firm to build scale. GL Electronic ties up Memorandum of Understanding (MOU) This MOU is executed at Gurgaon on this 08th of Janu 2014 by and between Bigshoebazaar India Private Limited, a company incorporated under Companies Act 1956, having its Corporate Office,Plot No. 888, Udyog Vihar Phase V, Gurgaon (hereinafter referred to as “BSB” and GL Electronic A company having its Registered Office at Ranju Nilay Bhawan Patna, (herein after referred to as the“ Products Supplier”) Zee News Report :- http://zeenews.india.com/business/news/companies/irctc-ties-up-with-shopping-portal_80068.html New Delhi: Visitors to the IRCTC portal would soon get to shop apparels, home appliances, electronic products along with buying rail tickets. The railway PSU has tied up with online lifestyle and home portal Yebhi.Com, thus making its entry into the online shopping. Yebhi.Com is a franchisee of Shop Online Trading Pvt Ltd. (SOTPL). Through this tie-up SOTPL and Yebhi.Com will be responsible for developing and managing the e-commerce platform for IRCTC. IRCTC gets close to 1.2 million daily visits generating 180 million transactions every year thus making it the largest e-commerce site in the country. Officials in IRCTC said they want to capitalise on the large user base of its portal which sees about 12 lakh visitors per day and four lakh ticket bookings. Yebhi.Com, on the other hand, gets close to 100 million visits per annum and does over 2 million transactions every year. "We are thrilled to partner with IRCTC India's largest e-commerce website, and look forward to this mutually beneficial association. With this association IRCTC is getting a readymade supply chain with all products offering at one go powered by Yebhi.Com," said CEO of Yebhi.Com Manmohan Agarwal. As per the contract SOTPL will be deploying the entire online shopping platform for IRCTC within 60 days from the date of signing of the agreement. PTI