Update: BeStylish co-founder and CEO Shailen Amin has quit the company to pursue new entrepreneurial opportunities, reports TechCircle, adding that Amin quit the company few months ago. The company has now appointed other BeStylish co-founder Abhishek Lal as its CEO. Prior to this appointment, Lal was the director of merchandise at BeStylish. Earlier (Jul 10): Smile Group's online footwear store BeStylish has pivoted to a marketplace model from an inventory based model, reports TechCircle. BeStylish co-founder Abhishek Lal told the publication that the pivot happened in May 2013 and the company now sources products directly from offline merchants to sell on the site, with no inventory of its own. Interestingly, Lal says that the company will be focusing only on lesser known brands in the future, as compared to its brand-focused avatar earlier. However, its not clear as to when the company plans to offer these products on its website. At the time of writing this article, we noticed that BeStylish still offers branded products on its website, although several items are out of stock or is available in limited stock. We have contacted Smile Group founder Harish Behl for more details on this development, but he was unavailable for comment at the time of writing this article. Facilitator For Offline Brands: Besides the marketplace, the company is also apparently supplying products to online e-commerce ventures and marketplaces like eBay, Naaptol, and Tradus among others, thereby acting as a platform between merchants and these e-commerce ventures, as indicated by the report. Lal told to the publication this…
