BookMyParts Partners with PaisaDukan to Strengthen Supply Chain of Machine Spare Parts Industry
Mumbai, 24 Aug 2018: BookMyParts.com, an online marketplace for machine spare parts has entered into an agreement with Mumbai based FinTech startup PaisaDukan.com, a leading P2P lending platform to provide credit facility on the procurement of machine spare parts for its users.
The MSME sector in India is amazingly heterogeneous in terms of the size of the enterprises. The sector contributes in a significant way to the growth of the Indian economy with a vast network of over 30 million plus units across length and breadth of India. However, this sector has faced several challenges to growth due to many reasons.
BookMyParts.com contributing towards redefining the supply chain of machine spare parts industry with a primary objective to serve through easy, quick and cost-effective procurement of spare parts helping them save cost, hassle-free purchase, improve productivity and focus on their core activity of production.
The joint initiative will enable online credit facilities to MSMEs in India to purchase spare parts online through an efficient and transparent method. The entire process will bring in a lot of transparency in terms of pricing, lower interest rates compare to other conventional credit options, organised trade and improve productivity significantly.
Commenting on the development, Mr Viren Mehta, CEO, BookMyParts.com said“Both organisations have respective strengths, vision and customer-focused approach. This initiative will go long way in terms of serving MSMEs and contribute to Govt. of India’s initiatives like make in India, digital India and startup India.“
“We are proud to be partnerBookMyPart on its journey to support Digital India. I am confident that this partnership will be a game changer in simplifying MSME credit market by transferring maximum benefits to customers. Our values and entrepreneurial attitudes are a perfect match, especially as BookMyParts is open to new technologies” said Mr Rajiv Ranjan, Founder & CMD of PaisaDukan.com.
With the introduction of Credit facility through PaisaDukan.com, All BookMyParts.com customers can now apply for availing credit on their purchase. Post verification of uploaded details, customers will be informed about the status and eligible ones will be able to avail credit instantaneously and can see it through an online dashboard.
PaisaDukan, a marketplace solely owned by BigWin Infotech, operates in the domain of Peer to Peer (P2P) Lending with a view to curbing the advent of Financially Excluded India. PaisaDukan handles the fulfilment of transaction on behalf of matched borrowers & investors and provides legal & recovery support, principal protection, evaluation of credit risk by a proprietary algorithm. PaisaDukan provides loans for all legal age groups as well as all loan requirements.
For more info: https://www.paisadukan.com/
BookMyparts Networks Pvt. Ltd is an online marketplace for machine spare parts. Established in 2016, BookMyParts.com operates from Ahmedabad, India. BookMyParts.com has been awarded as best startup eCommerce company in early growth category by Aeonian Awards 2018. The Aeonian Award is a joint initiative between Aspire Media Pvt. Ltd, Bangalore and Center of Excellence – IoT, NASSCOM.
For more info: https://bookmyparts.com/