Our Product is a digital platform that simplifies the process of buying and selling for Retailers and Manufacturers/Brands. It Brings efficient, cost-effective, and transparent transactions between Retailers and Manufacturers/Brands ,which ultimately bring productivity and growth in the business of Retailers and Manufacturers/Brands and solving the problem of cashflow, capital management and dead stock for them.
Startup Description
Factorez is a Marketplace which was founded in 2022 with a mission to organize and streamline the sales and purchasing process of Retailers and Manufacturers/Brands. With this We started to explore the offering we can offer and as we talked to some retailers of different region we found that procurement was never the issue but the issue is procuring the right product at right price and at a right time and these are some of the problems they are facing and there is many more which we are solving for them as well as for factories/Manufacturers/Brands.
Business Model
Our business model is Similar to other marketplace which is procure from one and sell to another and our taking on it is 15-25% with avg. 20% in very first year of operations and we will introduce Brand promotion, advertising, Dead stock liquidation as well as Raw material for manufacturers.
Customers
based in
India
Business
Modal Type
Marketplace
Type of
Sales
B2B
Competitors
Ajio Business, Solv, Bijnis, Udaan etc.
Teams
CA Himanshu Jain
Co-founder
Tell us a bit about how founding team knows
each other.
We are School friends, Done our higher secondary together and then join the CA together and we know each other since 2010
Why did you decide to start this
company?
I was in business from 2017 and when talking to retailers i understand their problem I was excited to solve this problem and decided to work on the same and I decide to start this startup
Are all the founders full-time on this
project?
Yes
Looking for an
opportunity to invest in companies
like FactorEz?
