News >> Business >>

BookMyParts & PaisaDukan Collaborate to Boost Supply Chain of Machine Spare Parts Industry

Monday, 27 August 2018, 19:58 IST
By SiliconIndia
13, an online marketplace for machine spare parts joined hands with Mumbai based FinTech startup, a leading P2P lending platform to provide credit facility on procurement of machine spare parts. The process brings a lot of transparency in terms of pricing, lower interest rates compared to other the credit options, organized trade and improve on productivity significantly.

Viren Mehta, CEO,, comments, “Both organizations have respective strengths, vision and customer focused approach. This initiative will go long way in terms of serving MSMEs and contribute to Govt. of India's initiatives like Make in India, Digital India and Startup India“.

Established in 2016, BookMyParts is an online marketplace for machine spare parts and it has been awarded as the best startup e-Commerce company in early growth category by Aeonian Awards 2018, which is a joint initiative between Aspire Media, Bengaluru and Center of Excellence – IoT, NASSCOM. It contributes towards the supply chain of machine spare parts industry with an aim to deliver through easy, quick and cost effective procurement of spare parts helping them save cost hassle free purchase, improve productivity and focus on their core activity of production.

Rajiv Ranjan, Founder & CMD,, says, “We are proud to partner BookMyParts on its journey to support Digital India. I am confident that this partnership will be a game changer in simplifying MSMEs credit market through transferring maximum benefits to customers. Our values and entrepreneurial attitudes are a perfect match, especially as BookMyParts is open to new technologies.”

PaisaDukan, handles the services of loan on behalf of matched borrowers and investors. It operates in the domain of Peer to Peer (P2P) lending in order to curb the advent of Financially Excluded India. It provides legal & recovery support, principal protection, evaluation of credit risk by a proprietary algorithm. Founded in 2018, its mission is to provide their clients with the finest financial platform to create a smart way of lending or borrowing money in a transparent way.

Read more news:

Golden Needle tea fetches Rs 40,000 per kg in auction