Faida.com a Jaipur based startup, launched in July 2015 has announced its new Business Model. Faida.com, an exchange portal is restructuring its business model from simple listing and exchange of products to buy and sell. It has now gone a step ahead and broadened its horizon by introducing the cash component. Now on Faida.com you cannot only list used products to exchange with other products but in addition buy and sell items from the community.
Faida.com which has already raised one million dollar from New York based Right Gems. Since its inception Faida.com has had over 40,000 listing. It has garnered a lot of goodwill from its users in a short span of time. With the introduction of the option of buying, selling and exchange Faida .com has given its users more options to save resources and recycle used products.
Now on Faida.com you can list used products to exchange with other products in addition to buy and sell items from community, this has become feasible and interesting for its users. Mr Vipul Paliwal, Co –Founder, Faida says,” We are very elated with the new business model for Faida.com. We want to give our users more options to buy, sell and exchange and so we decided to introduce this option of transaction. We believe that change is good and moving on with new ideas and concepts helps in growth and productivity. Faida. com as the name suggests is Faida for all. We want our customers to be happy and satisfied when they exchange, buy or sell at our website".
Faida.com was started with a vision to offer a win-win experience to its consumers/users through a unique market place model. Taking this ahead with a new business model Faida.com sees itself foray into this category and building up the community for exchange, sell, buy and cash component.
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