Startup Trade Bizness Aims to Introduce Ethical, Confidential & Transparent Deal Making
Trade Bizness is an online platform with an offline network. Trade Bizness assists in the sale and purchase of businesses. Their primary aim is to create a “marketplace” where buying and selling of any kind of running or defunct businesses takes place in confidential environment. All types of businesses can be put for deals, from IT businesses, factories, restaurants, ecommerce companies, shops, etc.
“A typical question for buying a business is where to find business for sale. This is where we come into the picture; we assist in the sale of company,” says Raju Moza, Founder, Tradebizness.
A business that enables buying and selling of businesses, is there a need?
When we asked this question to Raju, he wasn’t a bit surprised and explained that, “Small and medium businesses find it difficult to exit. Exit, if happens, is usually in known circles or advertisement or through intermediaries. Buying a business is all the more difficult. Most of them time, latent demand for exit is suppressed either due to lack of avenues to exit or Price.”
He went about explaining the need to leverage the opportunity that the internet provided us with. “Internet penetration is on rise. People tend to look at internet for augmenting their businesses. We wish to leverage internet to source the buyer and the seller, and work on the transaction offline.”
How does the actual deal take place?
How big is the market?
Big deals are the one which catches the eyeballs. Our emphasis is to create such “Eyeballs” for small deals. The prima facie market opportunity in the domestic market is immense; leave aside the “going global” plans.
Last year saw 644 India-related M&A deals worth $44.61 billion (around Rs2.2 trillion), including 142 inbound deals in which foreign companies acquired businesses in India worth $28.73 billion. In 146 outbound transactions, Indian companies bought businesses outside India in deals worth $10.84 billion.
“While working as independent consultant I realized that people find it difficult to exit businesses, especially small and medium enterprises that don't elicit interest from the investment banking community. This is coupled with the fact that the societal landscape is also changing, earlier selling business didn't augur well with the society, now people proudly claim that they are making businesses to exit. We envisage that this tribe will increase and our platform leverages those changes,” adds Raju on a concluding note.
Planning your exit strategy? Check out Trade Bizness! Also, do check out this article by Sanjay Anandram on thoughts about exits. We also have Deep Kalra, Founder, MakeMyTrip, giving a different perspective on exiting businesses.