SHOPX said BS Nagesh, founder of the Trust for Retailers and Retail Associates of India (TRRAIN), has joined the SHOPX Advisory Panel, effective from 1st May 2017.
With more than 35 years of experience in the consumer and retail sector, Nagesh as an advisor to SHOPX he will guide the leadership team in understanding the dynamics of general trade and modern trade ecosystem to improve the earnings and profitability of SHOPX retail partners.
Founder of TRRAIN and Non-Executive Vice-Chairman of Shoppers Stop Limited, Nagesh joined K. Raheja Corp. Group as the General Manager in 1991 and is responsible for setting up the retail arm of Shoppers Stop. He subsequently took over as the Managing Director and CEO of Shoppers Stop (1997 – 2009) and has been bestowed with innumerable awards and accolades during his tenure.
Commenting on this new development, Amit Sharma, CEO of SHOPX, said, “With his deep understanding of the retail ecosystem, Nagesh will play a pivotal role in SHOPX by adding significant value to our growth and strengthening our business capabilities. More importantly, he will help us to be even more focused on the needs of our retail partners.”
Nagesh said, “I am excited to be associated with one of the most dynamic start-ups that has disrupted India’s retail ecosystem. Retailers in Tier 2 and 3 towns in India have contributed immensely in strengthening the economy. While e-commerce is picking up, a large portion of consumers remain untapped. This gap is being fulfilled by small retailers. I am really looking forward to collaborate with SHOPX and be a part of their journey to enhance the lives of consumers and retail partners.”
Backed by strategic investor Nandan Nilekani, SHOPX aims to provide the 400-million middle-income population in India (as against the current 50 million active internet buyer base) access to e-commerce through its retailer network.