Jaipur-based exchange portal Faida.com is restructuring its business model from simple listing and exchange of products to buy and sell: introducing the cash component.
Now on Faida.com you can not only list used products to exchange with other products but in addition buy and sell items from the community.
Faida.com has already raised one million dollar from New York based Right Gems. Since its inception Faida.com has had over 40,000 listing.
Vipul Paliwal, Co –Founder, Faida, said, “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, hence 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 on our website.”