Bidchemz represents a revolutionary online B2B marketplace, striving to enhance the resilience of all participants within the Chemical Trade. It achieves this by providing a seamless Digital Platform that facilitates the Discovery of New Suppliers and Buyers, along with access to diverse Logistical, Fintech and other value added solutions essential to the Chemical trade. The fundamental goal of BIDCHEMZ is set to Revolutionize and Disrupt the conventional practices of Chemical trading, which were limited by restricted Vendor and Buyer access. Instead, the platform introduces a multitude of offerings from various vendors and suppliers across the trade, as well as logistics and fintech enterprises. This innovative approach includes secure credit line options for both small and medium-sized enterprises (SMEs) and micro, small, and medium enterprises (MSMEs). This transformative approach ensures that buyers gain access to credible suppliers and accurate Pricing, while sellers can tap into new Buyers with authentic demands, thus facilitating the conversion of surplus inventories into successful Sales transactions and unlocking the Valuable Working Capital that can be deployed for further Capacity Enhancements.
Startup Description
*Bidchemz serves as a comprehensive solution catering to enterprises within the chemical trade. Within the platform, chemical businesses have access to a wide array of services, and option of diversifying their sourcing by finding new suppliers and also new buyers, obtaining Current Prevailing Market Pricing information, utilizing Logistics and Fintech services, exploring insurance options, engaging third-party inspectors (TPI), and accessing warehousing solutions
*These diverse offerings are seamlessly integrated into a single digital platform, accessible with a simple click. Notably, buyers and sellers can conveniently establish contracts by submitting bids on product listings from sellers or specific requirements from buyers
Product Screenshots
Business Model
Bidchemz operates on a freemium model and primarily derives its Revenue from commissions earned from performance-based sales, logistics services, fintech activities, insurance offerings, collaborations with third-party inspectors (TPI), partnerships with warehousing entities, and subscriptions facilitated by advertisements displayed on the platform.
Revenue Streams-I:
*Commission fees from Logistic Partners (1-2%)
*Commission fees from Fintech Partners (0.10-0.25%)
*Commission fees from Performance Selling (1-2 %)
*Ads & Subscription fees
Revenue Streams-II
*Commission fees from Insurance partners
*Commission fees from TPI
*Revenue from overseas operations
*Warehousing Charges
Customers
based in
India
Business
Modal Type
Marketplace
Type of
Sales
B2B
Competitors
Indiamart, Chemarc, Carbanio, Rasayan Connect, World of Chemicals, ibuy chemikals, trade India, moglix, amazon.
Teams
Sanjay Dewan
Co-Founder & CEO
Biswajeet Roy
Co-Founder & CGO
Tell us a bit about how founding team knows
each other.
Sanjay Dewan, a seasoned expert in the Chemicals & Petrochemicals industry, conceived the BIDCHEMZ idea. The platform's inception was driven by the need to digitally revolutionize the Indian chemical trade, providing effortless access to a multitude of vendors and clients. This collaborative effort with Biswajeet Roy, a skilled B2B professional and a long-time acquaintance, aims to bolster the resilience of all stakeholders in the chemical trade..
Why did you decide to start this
company?
The inception of the platform stemmed from recognizing the urgent requirement to digitally transform the Indian chemical trade.
Are all the founders full-time on this
project?
Yes
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