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Bigshoebazaar Raises Rs.40 Crore From Narayana Murthy’s Catamaran & Nexus Venture Partners

Online cash and carry shoe aggregator, Bigshoebazaar India, has raised Rs 40 crore in a Series-B funding round, with participation from Nexus Venture Partners and Catamaran Ventures, an investment company backed by Infosys Chairman, NR Narayana Murthy, reports Indian Express. While Catamaran has acquired a 13% stake in the company for Rs. 26 crore, Nexus Venture Partners have invested Rs. 14 crore for a 7% stake. The company intends to utilize the funds to strengthen supply chain and in setting up warehouses to support growth at the front-end. Previously, Bigshoebazaar had raised Rs 10 crore from Nexus Venture Partners, in a deal which was closed late 2010. At the time of announcing the previous funding, it had indicated that it was in talks with investors for another funding round. Bigshoebazaar operates a hybrid online and offline wholesale cash and carry business, and an…

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