Indian Angel Network, has invested an undisclosed amount in ShoeKonnect, a B2B marketplace for leather products.
Sahil Kejriwal led this round of investment on behalf of IAN. He will further join the company board to monitor the team and enable them in becoming a market leader globally.
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.”
ShoeKonnect is the first business venture of BizCrum, a family of connection-centric B2B apps created to facilitate communication amongst entrepreneurs. It was founded by Siddharth Vij, Chaitanya Rathi, and Siddharth Rastogi in 2014.
ShoeKonnect is a B2B mobile platform for the footwear industry based out of Agra that makes it easy for the retailer to buy products directly from the manufacturer, reducing cost and logistical issues. It also acts as a search engine for the industries with in-app communication services and fulfilling bulk leads by matching seller and buyer through an algorithm.
The funding will be used to expand business operations, enhance technology, and product development, and bolster their marketing and development. They also plan to launch an iOS version of the app soon.
Currently, ShoeKonnect has a team size of around 10 members primarily comprising Delhi University Economics graduates, footwear experts, and experienced engineers.
According to a company statement, at present, ShoeKonnect connects around 5,000 footwear businesses including manufacturers, suppliers, traders and retailers from India and neighbouring countries.
