Bigshoebazaar Raises Rs 40 Cr From Catamaran Ventures, Nexus Ventures
Bigshoebazaar India Pvt Ltd, an online wholesaler and retailer of shoes, apparel, bags, accessories and gift items, has raised Rs.40 Cr from Catamaran Ventures and Nexus Ventures Partners, by diluting 20% stake.
Catamaran Ventures has bought 13% stake in the firm for Rs.26 Cr, while Nexus Venture Partners has bought 7% for Rs.14 Cr.
The funds raised will be used to strengthen supply chain and for setting up warehouses to support growth at the front-end.
Transaction Reference: Indianexpress.com
This is Bigshoebazaar's second round of funding. Last year, it raised Rs.10 Cr from Nexus Venture Partners.
Founded in 2009 by Manmohan Agarwal, Nitin Agarwal, Danish Ahmed and Rajul Jain, Bigshoebazaar operates a hybrid online and offline wholesale cash and carry business through bigshoebazaar.net, and an e-commerce website, Yebhi.com (previously known as known as bigshoebazaar.com).
The cash and carry venture supplies shoes, apparel and accessories from whole-sellers to smaller retailers through an online catalogue.
Recenly, Catamaran Ventures along with Reliance Venture Asset Management, US-based BlueCross BlueShield Venture Partners and few angel investors invested Rs.20.5 Cr in Mumbai-based Wellspring Healthcare Pvt Ltd in its first round of funding.
Catamaran's other investments include Hector Beverages, Manipal Universal, Ace Creative Learning among others.
Nexus recently invested in Rs.9 Cr in Jaldhara Technologies Pvt Ltd, while its portfolio companies includes Netmagic , snapdeal.com, Komli , Mapmyindia, Deccan Pharma, Gluster, Cloud.com, Pubmatic, Prana , Suminter, Dlight among others.
In the online space, recently Inkfruit.com raised rasied $3 Mn from SAIF Partners; LetsBuy.com raised $6 Mn from Helion Venture Partners, Accel Partners and Tiger Global, while in 2010 BuyThePrice.com raised angel funding from Rajan Anandan, Rehan Yar Khan, Sunil Kalra and other investors.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 22/07/11 | Bigshoebazaar India - Catamaran Ventures, Nexus Ventures | Private Equity | Nexus India Capital Advisors Private Limited | 9.01 |
| 10/02/11 | Big Shoe Bazaar - Nexus Venture Partners | Venture Capital | Nexus India Capital Advisors Private Limited | 2.20 |
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| 21/05/12 | M&A | Bright Lifecare Private Limited | Madeinhealth.com | - | Completed |
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Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| Catamaran Ventures | Healthcare Retail IT/ITES/Technology |
www.catamaranventures.com | Arjun Ramegowda NarayanswamyN R Narayana MurthySuyog Agrawal | |
| Nexus India Capital Advisors Private Limited | 320 | Cleantech Services IT/ITES/Technology Consumer Goods |
www.nexusvp.com | Vipin AgarwalNaren GuptaSandeep SinghalSuvir SujanManoj GuptaK G SubramanianJinesh ShahAnup GuptaJishnu Bhattacharjee |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Bigshoebazaar India Private Limited | Manmohan Agarwal | 8, Balaji Estate, Kalkaji | www.yebhi.com | |
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