BigShoeBazaar raises Rs. 10Cr from Nexus Venture Partners
BigshoeBazaar pvt ltd which runs online shoe store Yebhi.com has raised $2.2M from Nexus Venture Partners. This investment was closed in late decemeber 2010. As per Nitin Agarwal, cofounder of BigshoeBazaar talks are at advanced stage for closing another round of funding. You can checkout Nitin’s interview as part of “Walk the Talk with an Entrepreneur” here.
BigshoeBazaar primarily runs a B2C portal Yebhi.com formerly known as Bigshoebazaar.com which sell footwear mainly and now it has added few more categories like Clothing, jewelery and accessories.
Bigshoebazaar runs a wholesale network across the country targeted at small retailers in Tier2 and Tier3 cities to source Global brands like Adidas, Nike etc. which in general don’t have access to such brands.
Bigshoebazaar has also started franchisee business, where it offers shoe retailers to use it brand and retailers source the footwear from the company. Funds will be primarily used to expand the wholesale network and franchisees.
Lets Look at the monthly traction of Yebhi.com –
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630K |
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Page views |
9M |
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Total visits |
990K |
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Avg time on site |
10:10 |
Personally I have been a regular user of Yebhi.com and bought multiple footwear for my family. They very prompt in servicing the clients, products are of best quality, return policy is highly user friendly.
Certainly they have strike the right mantra to crack this space. If you have used Bigshoebazaar services do share your views.
-Hitesh, vcBytes.com
