ShoeKonnect | Pixr8 News

The parent job portal of Naukri.com and real estate website 99acres.com called Info Edge (India) Ltd has invested an amount of Rs 3 crore ($422,000) more in online business-to-business footwear marketplace ShoeKonnect. This particular investment raised Info Edge’s stake in ShoeKonnect to 27.27% from 20% as stated by the company. This indicates the fresh infusion has come at a higher valuation. ShoeKonnect is a brand run by Bizcrum Infotech which was founded in 2014 by three economics graduates from Delhi University named Siddharth Vij, Chaitanya Rathi and Siddharth Rastogi. Talking about the funding, the startup raised an undisclosed amount from the Indian Angel Network in 2016. It posted revenue of Rs 37 lakh for the financial year ended March 2018. ShoeKonnect brings manufact...

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 produ...

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Info Edge Invests into B2B Footwear Company ShoeKonnect

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