ShoeKonnect is a B2B commerce mobile application designed specifically to cater to the needs of the footwear industry. It has raised an undisclosed amount of angel funding from Indian Angel Network. The round of investment was led by Sahil Kejriwal on behalf of IAN. He will be joining the company board to monitor the team.
Siddharth Vij, CEO & co-founder of ShoeKonnect said, “We understand that there lies a huge gap among producers and buyers in the market. A gap that restricts the manufacturers from increasing their customer base and sales volumes and retailers from getting better variety and quality of products. With ShoeKonnect, we aim to bridge this existing gap by simplifying and enhancing trade possibilities for these players in different industries.”
The company is a product of BizCrum Pvt. Ltd, a family of connection centric B2B apps that is created to facilitate trade amongst business men. ShoeKonnect allows businesses to search, list products, find sellers, chat privately, etc.
The newly raised funds will be used to expand the company’s business operations, enhance technology and product development and to bolster their marketing initiatives. The team also plans to launch the iOS version of the app soon.
Sahil Kejriwal, lead investor said, “With changing lifestyles and increasing affluence, domestic demand for footwear is projected to propagate at a faster rate than it has been seen. Once we see good traction here (ShoeKonnect), we hope to replicate our success across other categories.”
ShoeKonnect comprises of 10 members, claims to connect around 5,000 footwear businesses including manufacturers, suppliers, traders and retailers from India and neighbouring countries. It is based out of Agra, has achieved 95% stickiness from buyers.