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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

August - 2011 - issue > Venture Beat

Bigshoebazaar raises Rs.40 Crore in Series B Funding

ST Team
Thursday, August 4, 2011
ST Team
New Delhi based Bigshoebazaar India, an online wholesaler and retailer of shoes, apparel, bags, accessories and gift items, raises 40 crore in series B round of funding. Investors include Nexus Venture Partners and Catamaran Ventures.

The company is founded in September 2009 by a group of entrepreneurs including Nitin Agarwal, Manmohan Agarwal, Danish Ahmed, and Rajul Jain. Bigshoebazaar operates a hybrid online wholesale cash and carry business as well as an e-commerce website, yebhi.com, which was earlier known as bigshoebazaar.com. Late last year, the company raised their series A funding from Nexus Venture Partners. They source their products from Brands, including Lotto, Woodland, Bata and Puma; directly or authorized agent of the brand and run their own warehousing operations to enable them to fulfill their orders completely and achieve fastest shipping. A sales team supports them to transact offline with retailers and run a parallel franchisee business, through which it has 13 franchise stores in alliance with small retailers under its own brand name. They have about five lakh-registered users with 1.5 lakh active buyers and attract 70,000 visitors daily.

Bigshoebazaar began as an online shoe-store with an average of five orders a day, but currently they handle between 4,000-5,000 products each day and have expanded their verticals from shoe-store to apparel, jewellery, bags and other related products. They offer free shipping and cash on delivery along with a 30-day return policy. Shailesh Vickram Singh from Seedfund said that e-commerce in India is now getting into Tier II and III and is capitalizing by bridging the broken supply chain model.

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