Bigshoebazaar gets cash infusion

The online cash and carry platform, Bigshoebazaar, has received Rs 40 crores investment

from Catamaran Ventures and Nexus Venture Partners, a private investment firm backed by Infosys’ boss Narayana Murthy. The funding will help the portal expand its reach and strengthen its backend supply chain and delivery infrastructure. Bigshoebazaar India is South Asia’s largest online wholesaler of shoes, apparel, bags, accessories and gift items. It sells to retailers across the country through. It sources products from all major footwear markets in India like Kanpur, Agra, Chennai, Mumbai, Jalandhar, Delhi and also from China, Thailand etc. Supported by a sales team to transact offline with retailers and it also runs a parallel franchisee business, through which it has 13 stores in alliance with small retailers under its own brand name.

With state-of-the-art back-end infrastructure, and its own warehousing and supply chain facilities, Bigshoebazaar is already catering to 3,000 retailers across the country offering them the best margins and the fastest shipping. It also has Puma, Nike, Adidas, Reebok, RedTape, J Hampstead, Duke, Liberty, Bata, Woodland, Wrangler and lotto among the others as brand partners, enabling them to reach the widest audience in the country. The project was launched in September 2009 and has about 5 lakh registered users with 1.5 lakh active buyers.