BizEquity has partnered with Franchise India Brands Limited, which will support BizEquity’s dedicated team in India to deliver its award winning valuation service to the country.
BizEquity, one of the leading global providers of online business valuation knowledge and performance big data, has announced its services in India. The move follows BizEquity’s Singapore launch in 2015, and marks the next stage of its expansion in the Asia-Pacific region.
BizEquity has partnered with Asia’s largest franchise solution company, Franchise India Brands Limited, which will support BizEquity’s dedicated team in India to deliver its award winning valuation service to the country’s small business owners and financial institutions.
BizEquity’s tailored valuation service will help India’s 40 million SME owners to understand the true value of their business. The service will also enable India’s financial institutions such as wealth managers and professional advisors including accountants, to white-label BizEquity’s valuation platform and use the detailed report it produces as a prospect and lead generating tool.
This launch comes at a time when changes in regulatory framework, demographic and technologies are enabling the growth of fintech. According to a report by NASSCOM, India was ranked the third largest tech start-up ecosystem with more than 100 accelerators, 200 active angels, 150 VCs and over 4,200 start-ups operating in the region. With India’s advancements in innovation, technology and entrepreneurship, the country presents a favourable environment for BizEquity to introduce its cloud based big data service to democratise business valuations.
Sharing his views on the partnership, Gaurav Marya, Chairman, Franchise India opined, “At 48 million, India has the second largest number of SMEs in the world that employ nearly 40 per cent of India's workforce and contribute 17 per cent to the Indian GDP. Despite this significant contribution, SME ‘s do not get registered and nearly 95 per cent of SME’s do not know their business value. This is largely because Indian SME owner-operator don’t plan for a long-term exit strategy, unlike the Start-up ecosystem in India. Getting financing also becomes a big challenge and SME’s remain under-capitalized, which is why knowing the true value of your business really matters.”
“BizEquity will enable the Indian SME business ecosystem to know its true value that could help their business in succession planning, selling the business, preparing to go public, partnering up, acquiring other businesses, looking to get investors, or ensuring that the business will support a retirement lifestyle,” Marya added further.
“Our mission is to value every business in the world and we are delighted to continue our progression into Asia, through the launch of our dedicated valuation service tailored to the Indian market place. With SMEs accounting for over 97 per cent of all enterprises across APEC economies, and representing over half of the workforce, not only is the market opportunity vast, but there is also a tremendous opportunity to help small business owners in the region by democratising the business valuation knowledge so fundamental to their success,” commented Michael M. Carter, CEO, BizEquity.
“Following our successes in Singapore, our move into India,the world’s fastest growing tech hub – is a natural next step in our growth strategy that will enable us to help the country’s financial institutions enhance their service offering and prospect better as well as serve thousands of SMEs by providing them with real-time insight into their true business value,” said Naman Shah, BizEquity’s APAC Market Director.