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Episode 33
The good news is that India is the second-largest footwear producer in the world. However, the bad news is that India’s branded footwear market is dominated by international brands. When it comes to Indian youth, they definitely deserve comfortable and durable shoes.
Whether it’s casual Bacca Bucci Shoes India, footwear for an outing, boots for trekking or adventure, or sports shoes, Bacca Bucci has it all. They are a homegrown Indian footwear brand, started in 2014, and to date, They have delivered more than 30 lakhs shoes to customers.
In India, there are three major market segments: below ₹1000, ₹1000-₹3000, and above ₹3000. The ₹1000-₹3000 segment has a vast opportunity, with a market cap expected to reach ₹18,000 crores by FY25.
Our pricing strategy is competitive, offering premium designs at affordable prices, making our shoes aspirational yet accessible.
The sales numbers reflect the growth. Last financial year, closed with net sales of ₹47 crores, up from ₹29 crores in the previous year. They anticipate closing FY24 with ₹75-80 crores.
In the first six months of this year, they have already achieved ₹27 crores, compared to ₹15.6 crores in the same period last year.
Attribute | Details |
---|---|
Company Name | Bacca Bucci Fashions Pvt. Ltd. |
Founders & CEO | Anuj Nevatia and Natwar agarwal |
Headquarters | G-152, KH-401/87 OLD NO.87/88 VILLAGE GHAZIPUR , DELHI, Delhi, India – 110096 |
Founded Year | 08 July 2015 |
Business | Online Footwear Brand |
Profitability | profitable |
Shark Tank Episode | Season 3 – Episode 33 |
Asked For | ₹ 2.5 Crores for 1% Equity |
Deal | No Deal |
Sharks Invested | – |
The Founder Of Bacca Bucci Company
Anuj Nevatia:
- One of the founders of Bacca Bucci.
- He was a CA and Had a job before starting the footwear company.
- Not initially a shoemaker but noticed a significant price variance in footwear between online and offline markets around 2014.
- Engaged in a side hustle selling shoes, which led to the establishment of Bacca Bucci.
Natwar Agarwal:
- Co-founder of Bacca Bucci.
- Partnered with Anuj Nevatia to start the company.
- Shares a similar background with Anuj regarding the motivation to address the price disparities in footwear markets.
Company Overview:
- Bacca Bucci is a homegrown Indian footwear brand established in 2014.
- They have sold over 30 lakh shoes to date.
- Their products are available on their website, baccabucci.com, and in various reputed markets across India.
- The company’s vision is to reduce the dominance of international brands in the Indian market and to take Bacca Bucci global, making it the preferred brand in India.
- They offer a variety of footwear including casual shoes, boots, and sports shoes.
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Conclusion
Bacca Bucci is an ambitious Indian footwear brand aiming to capture a significant share of the market dominated by international brands. Despite a strong sales record and a diverse product range catering to various needs, the company faces challenges in branding consistency and customer engagement. Their focus on affordability and quality has driven their growth, but to elevate the brand further, The company must enhance its branding strategies, deepen customer understanding, and explore offline retail avenues to improve margins. The founders’ vision is clear: to make Bacca Bucci a global brand and the preferred choice for Indian consumers. With strategic mentorship and investment, they hope to achieve this vision, leveraging their strong market presence and customer loyalty.
Frequently Ask Questions
What is the valuation of Bacca Bucci?
The ask from the founders of Bacca Bucci is ₹ 2.5 Crores for 1% Equity, and according to that the valuation of the company is 250 crores.
What is the turnover of Bacca Bucci?
The turnover of the company as on march 31, 2023 is around $5.85M.
bacca bucci shoes review
According to amazon the company have a good 4 out of 5 rating.