For medium and small enterprises (SMEs) unable to sustain their business and looking for a quick exit, Ahmedabad-based start-up IndiaBizForSale is coming to the rescue. Launched in January 2014 with only 50 businesses for sale listed on its platform, the website receives more than 100,000 monthly visits. More than 6,000 business opportunities for sale as well as for purchase have been listed on the platform.
Co-founders Bhavin Bhagat and Haripriya Bhagat came up with the idea for an SME listing platform in India after their attempts to sell their father’s pharmaceutical unit in Uttarakhand via traditional methods met with little success but received good response after listing it on a website in Canada.