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

“I have no hesitation in saying that my association with eChai has been a gateway into the startup ecosystem. Through this platform, I’ve had the opportunity to connect with many young and dynamic entrepreneurs. These interactions have been immensely enriching - I’ve learned a great deal and have always tried to offer guidance whenever approached. It’s a truly symbiotic relationship that I deeply value, and it wouldn’t have been possible without eChai.”
Syed Nadeem Jafri - Founder, Hearty Mart
Syed Nadeem Jafri
Founder, Hearty Mart
"eChai has played a truly pivotal role in HummingBird’s journey — even before Day Zero. From ideation to establishment and into growth, it’s been a constant source of support. It connected me with incredible people who’ve become more than just friends. One of the biggest reasons I chose to stay in Ahmedabad is because of the eChai community. It has shaped my growth — both personally and professionally — in ways that are hard to articulate. Honestly, words fall short when I try to express what eChai means to me. I’m deeply thankful and forever grateful to eChai for being such an integral part of my journey."
Harsha Bhurani - Founder, HummingBird Consulting Group
Harsha Bhurani
Founder, HummingBird Consulting Group
"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

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