After switching from being a marketplace to a private label retailer, India’s Yepme will now be manufacturing for the export market in India, mainly due to the competence of the country in this sector. Broadening its scope, the e-tailer is also open to acquire local private labels. The expansion will be funded by US $ 100-200 million that will be raised by the company’s investors. Expecting the sales for the current fiscal to touch US $ 100 million, the margins of the products sold online will be raised to 50 per cent from 40-45 per cent to aid the growth, reveals Vivek Gaur, CEO, Yepme.
