Tell us about Texub and its operations in the Middle East.
Suchit Kumar: Texub is a global B2B marketplace that facilitates IT and mobility exchanges between companies. Our digital platform allows IT companies to trade anonymously with verified buyers and sellers. We provide distributors and resellers with a scalable cloud-based platform that enhances the buying and selling experience, maintains trade confidentiality, and provides a high level of privacy and data security. Our vision aligns with Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, to make this country one of the leading startup hubs. Thus, we launched our Middle East headquarters in Dubai, where the convenience of doing business and the efficiency of global logistics are far ahead of other locations.
What does your business model look like?
Niranjan Gidwani: Our business model is non-subscription based, allowing verified buyers and sellers unrestricted access to trade transactions. A seller can upload multiple products and arrange global shipping to multiple hubs. Buyers can buy globally and improve their supplier base, which helps them benefit from competitive pricing options.
Does your platform support small and medium businesses?
Suchit Kumar: Our platform helps small suppliers establish themselves in global markets. In addition, we provide large and small companies with opportunities for expansion by diversifying and expanding their sources. Through our platform, we make sure to help clients reach their full potential, regardless of their location.
Niranjan Gidwani: There has been a massive shift in the way businesses operate today globally. Businesses today are constantly striving to develop and use more efficient methods to produce measurable results. Our platform helps these businesses grow and streamline their operations.
How do you ensure data privacy and security on your platform?
Suchit Kumar: Identities are masked on Texub and exchanges are carried out anonymously, thus protecting the security and confidentiality of customer data. Local billing improves the trading experience and reduces operating expenses for buyers and sellers while keeping them safe online.
What are your plans for the coming year?
Suchit Kumar: Our expansion plans include opening offices in Saudi Arabia and Egypt. Deeper penetration of Asian markets like Vietnam and Indonesia is also on our agenda. Regarding our platform, we will soon integrate an auction module.
Read: Dubai-based startup Texub launches B2B marketplace