Bigshoebazaar, the South Asian wholesaler of retail goods, received a Rs 40 crore investment from Catamaran Ventures and Nexus Venture Partners in its second round of funding. Specifics of the transaction were not publicized.
Asia’s largest online wholesaler Bigshoebazaar raises Rs 40 crore From Catamaran Ventures and Nexus Venture Partners
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.
New Delhi, Delhi, July 23, 2011 — 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. 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 an unbeatable, 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 robust 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.”
Notes to Editor
About Bigshoebazaar India Pvt Ltd
Bigshoebazaar is South Asia’s largest online wholesale solutions company. Online wholesale is assisted by www.bigshoebazaar.netwhich 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. Bigshoebzaar is also the online licensor of www.yebhi.com, a leading consumer facing ecommerce company in India.
About Catamaran Ventures
Catamaran Ventures (www.catamaranventures.com) is a domestic stage and sector agnostic investment office headquartered in Bangalore, India. The fund has a preference for entrepreneurs who are attempting to change the fabric of life for businesses or consumers in India, or gain significant prestige for India overseas.
About Nexus Venture Partners
Nexus Venture Partners (www.nexusvp.com) is India’s leading venture capital fund, with offices in India and US. It has $320m under management and an active portfolio of over 30 companies across various sectors. Nexus Venture Partners invested Rs. 10 crore in the first round earlier this year.