This here is a very smart step towards a new age. When everything in the world is just a couple mouse clicks away, why should property dealings be so tedious! I will probably be a potential buyer in 5 years and I would want to use "firbid". The team is young, smart and have a great vision. The right ingredients for success. Hope you guys rock it! Best, Dibyo
An excellent platform providing a win win solution to both - the banks and the buyers. It will greatly help banks in minimising their losses due to bad loans in an efficient and transparent way while maximising the visibility of such properties to larger section of prospective buyers. With recent reports of increasing bad loans, and e-auctioning being made mandatory by the RBI, Firbid has hit the right chord at the right time and they have a long way to go. Wishing all success to the team. -Abhishek Mittal
In light of Indian Banking sector looking towards an independent governance, ventures like this would be a critical tool to usher Indian Banking scenario to the next era. Ankesh and Ashish who are esteemed colleagues of mine are motivated entrepreneurs with a clear route to market. Best, Shourjya.
I feel Fir bid is a disruptive idea and will revolutionize the Indian NPA pile up. The best part of Fir bid is, it looks to create a win win for the buyer, seller and the bank. I hope this goes a long way to help the distressed sellers and save them from the extortion.
I know the team personally and am confident that they will do justice to the idea. I urge others to support them in whatever way possible. Thanks!