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
"From late-night brainstorming over chai to early morning founder calls, eChai has been more than just a network for me; it’s been home base for ideas, impact, and inspiration. What started as a simple meetup years ago turned into a powerful movement, connecting founders, creators, and dreamers. I’ve had the privilege of seeing startups find product-market fit, marketers (like me) find unexpected collaborations, and most importantly, people finding their tribe. संगच्छध्वं संवदध्वं – Let us move together, speak together. It’s not just a verse from the Rigveda — it’s how Jatin and the entire eChai community truly operate. We don’t just network, we grow together. Forever grateful to be a part of the eChai Effect.
Jaydip Parikh
Chief Everything Officer at Tej SolPro
"For me, eChai is a second home. I've been associated with it since the early days, when it was already setting a different tone for how startup communities could work. As a traditional business owner entering the new-age D2C space, eChai supported me in every direction. Over the years, it became my window to the startup world — and also gave me lifelong friends who continue to show up, for business and beyond."
Pankaj Bhimani
Founder, 58miles
"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
eChai Partner Brands
eChai Ventures partners with select brands as their growth partner - working together to explore new ideas, open doors, and build momentum across the startup ecosystem.
