The Impactful Teammate at IBGRiD

Mayank Patel first met us at our booth during EDI's annual fest when IndiaBizForSale.com was still just a discovery platform.

What stood out about him was his deep understanding of our vision. He appreciated the economic value we were trying to preserve by connecting buyers and sellers of businesses—helping businesses continue their legacy rather than shutting down.

At the time, Mayank was a professor of corporate finance, and he generously offered his support in any way we might need.

A Defining Moment

Initially, we avoided providing business valuation reports as a service, fearing that we couldn't maintain the quality we aimed for.

When Mayank offered to help, we decided to test his expertise on valuing our own family business. The result was incredible—not only was the valuation spot on, but it also helped us successfully sell the business at that price. Inspired by this success, we gradually started offering business valuation reports to our audience, led by Mayank.

Over time, this service became a game-changer. It significantly reduced deal failures caused by unrealistic asking prices, generated substantial revenue, and laid the foundation for our investment banking division, IBGRID.

Advice for Fellow Founders

Say "yes" to opportunities and be open to external support. Often, the right person may come with fresh ideas that challenge your initial assumptions.

Look for individuals who align with your mission and are willing to contribute beyond their immediate role. Empower them by creating an environment where they can innovate and grow.

For us, Mayank’s support not only launched a new service but also set a benchmark for quality. Today, we're fortunate to have him as part of our management team, where he leads IBGRID with the same passion that first drew us to him.

The eChai Effect - In Their Words

“When we launched LegalWiz.in back in 2016, concept of procuring legal and compliance services through a digital commerce platform wasn't as prominent in India. eChai played a significant role in providing the early adopters, and building significant positioning in the startup fraternity. Overtime, eChai grew to be a massive network of like-minded entrepreneurs and extended that benefit to all the members in a true "co-rise" spirit. I personally love to attend eChai events, learn from subject matter experts who share relatable and actionable insights and experiences. For startup journeys, it is so important to be surrounded by people who can add relevance, perspective, and push you to do better. Most importantly a group of people where you aren't being judged about things going right or wrong, but be a motivational force that keeps you going, yet keeping you in check. eChai is that place for me!”
Shrijay Sheth - Founder at LegalWiz.in and Hire4Higher Consulting
Shrijay Sheth
Founder at LegalWiz.in and Hire4Higher Consulting
"We found eChai to be a force multiplier throughout our startup journey. Through it, we connected with folks from DevX, Allevents, Plutomen, and more - many of whom became friends of IndiaBizForSale.com and even part of our clientele."
Bhavin S Bhagat - Co-founder of Indiabizforsale and IBGrid, TiE Ahmedabad President
Bhavin S Bhagat
Co-founder of Indiabizforsale and IBGrid, TiE Ahmedabad President
"At DevX.Work, we’ve greatly benefited from our association with eChai. Their events and networking forums have connected us with high-potential startups, ecosystem leaders, and innovation-driven professionals — many of whom have become valuable partners, collaborators, and even clients. What stands out most is the openness and accessibility of the community — whether you're an early-stage founder or an experienced entrepreneur, eChai provides a welcoming space to learn, collaborate, and grow. It's more than just a network — it's a catalyst for real, collaborative growth. We’re proud to be part of the eChai community. Highly recommended for any organization aiming to grow within the startup space."
Umesh Uttamchandani - Co-Founder, DevX
Umesh Uttamchandani
Co-Founder, DevX

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