CONNEDIT BUSINESS SOLUTIONS PRIVATE LIMITED

In their own words

and Mr Sunil Khairnar, Founder of Indigram and are shareholders in the company. Narayan, Founder of Power2SME, and Mr. Rajneesh Gupta, Director at Aakash Namkeen gaining from Indigram’s vast experience in agritech, TechnifyBiz is also mentored by Mr. R Technifybiz moved into the incubation space of Indigram Labs in August 2018. Besides Mentorship: plan to take it up to 50-60 commodities in the next two years with about 100,000 suppliers. Walnut, Pistachio, Quinoa seeds, Chia seeds, Sunflower seeds and Watermelon seeds. We At present, TechnifyBiz offers 10 commodities: Makhana, Cashews, Almonds, Raisins, Grofers, Big basket, Flipkart, Vadilal and Havmor. our marquee customers are Big Bazaar, Reliance Retail, Haldirams, Metro Cash & Carry, profitable already at EBITDA and cash flow levels with a team size of 16 members. Some of 26 months into inception, we have an Annual Revenue Run Rate of INR 90 crores and are Current scenario: everyone is paying and getting the right price for what they need We are not creating the commodity market, rather we are just organising it so that PAN India delivery capabilities, we ensure timely deliveries for the customer. Additionally, by partnering with local, route-specific transporters and logistics providers with doorstep. these prices in real-time on our website and place orders, which are then delivered at their on the TechnifyBiz Vendor Admin App available on Google play store. Customers can view traders. Farmers work out the daily prices of commodities themselves and update the same The middlemen that TechnifyBiz eliminates include brokers, wholesalers and mandi existing processors. able to increase their profits, whereas at the same time improving asset utilisation of the By helping farmer groups process their outputs through the existing infrastructure we are processors, improved farmer incomes, and a well-distributed commodity ecosystem. incomes. We instinctively look to achieve three things: better utilisation of food chains, processed food manufacturers, and confectioneries, and eventually, increase their linkages that allow them to bypass middlemen and sell directly to the likes of supermarket commodities could be done directly by farmers. They are provided with forward market We aim to organise the Agri-supply chain so that the processing of non-perishable to financing, and easier liquidation channels. empowering farmers in increasing incomes, better and secured payment terms and access ensure all-time availability of materials and best class service levels, at the same time or mobile application at best price ensuring consistent and quality checked supplies. We empowers our customers to make the purchases at their convenience through our website existing infrastructure and services in the food supply chain domain. The ecosystem TechnifyBiz, launched in mid-2017, we are creating a technology layer on the top of all About us – mission and vision: farmers, suppliers and customers. graded supply of food commodities by creating digital market linkage platform for both other IITians and industry veterans, TechnifyBiz is a B2B digital ecosystem for the quality Founded by IIT Roorkee and IIT Delhi graduates and accompanied by a strong core team of Intro: Company Profile

Written by the company on its public Startup India profile. Not verified by us.