Bigshoebazaar India Pvt. Ltd. (BSB), South Asia’s largest online wholesaler of shoes, apparel, bags, accessories and gift items announced that it has received a Rs 40 crore investment from Catamaran Ventures and Nexus Venture Partners in its second round of funding. Nexus Venture Partners invested Rs. 10 crore in the first round earlier this year. Bigshoebazaar sells branded footwear to retailers across the country through the online cash and carry platform, www.bigshoebazaar.net. The Company is also the online licensor of www.yebhi.com, which is the fastest growing online ecommerce sites in the country, currently focused on shoes, apparel, bags, accessories and expanding into other categories.
Bigshoebazaar is setting the benchmarks in the online ecommerce business in India with its focus on building India’s largest, state of art backend infrastructure with its own warehousing and supply chain facilities. Bigshoebazaar is already catering to 3000 retailers across the country offering them the best margins and the fastest shipping. BSB also has PUMA, Nike, Adidas, Reebok, RedTape, J Hampstead, Duke, Liberty, Bata, FILA, Levi’s Lee, Mufti, Provogue, Woodland Wrangler and lotto among many others as brand partners enabling them to reach the widest audience in the country.
Speaking about the funding, Mr Manmohan Agarwal, Founder & CEO, Bigshoebazaar India Pvt. Ltd., said, “We have invested substantial efforts, technology and capital into building strong warehousing, logistics and distribution capabilities. The funding will help us expand our reach and strengthen our backend supply chain and delivery infrastructure. Both Nexus and Catamaran are working with us closely to build a robust ecommerce company.”
Bigshoebazaar is South Asia’s largest online wholesale solutions company. Online wholesale is assisted by www.bigshoebazaar.net which allows retailers to browse inventory in real time and purchase products online. The wholesale cash and carry online store is first of its kind and is an effort to organize the supply chain bottleneck issues of Tier II & Tier III retailers. The Company is led by a professional team with extensive experience in the retail supply chain and ecommerce related technology. It was founded in 2009 by Manmohan Agarwal, Nitin Agarwal, co-founder of Brainvisa Technologies, Danish Ahmed and Rajul Jain, ex-Vice President of Indiabulls Real Estate. Bigshoebazaar is also the online licensor of www.yebhi.com, a leading consumer facing ecommerce company in India.