Frequently asked questions
Everything you need to know about MyBizDeals.
General
What is MyBizDeals? +
MyBizDeals is India's verified marketplace for buying and selling small/mid-sized businesses (MSMEs). Every listing is GST + bank verified and CA-reviewed. NDAs protect seller identity.
Who can use MyBizDeals? +
Indian residents and businesses. Buyers can be individuals, funds, family offices, or strategic acquirers. Sellers must own a registered Indian business with GSTIN.
Is the platform free to use? +
Browsing and listing are free. We charge a 2% success fee on closed deals (sellers), and offer paid Premium / Enterprise plans for power users.
For buyers
How do I sign an NDA? +
Open any listing detail page → "Sign NDA to view full details". Read the contract, tick 3 acknowledgements, type your name. Done. Signed PDF emailed to both parties.
How long does KYC take? +
PAN verification is instant via Karza API. Manual review by our team usually within 24 hours (96-hour SLA on Premium).
Can I bring my CA / lawyer into the deal room? +
Yes — invite up to 3 advisors per deal room (Premium plan). They get read-only access to documents + can join the chat.
For sellers
Will my identity be public? +
No. Listings show only your industry, city, headline, financials, and verification badges. Your real name and company name only unlock after a buyer signs an NDA.
How long does the listing review take? +
CA review typically 2–3 working days. Admin approval same-day after CA sign-off. Total: most listings go live within 4 working days.
What documents do I need? +
PAN, GSTIN, last 6 months bank statement, last 3 years P&L, GST returns, optional pitch deck and photos. All upload limits: 10 MB per file.
NDA & legal
How long does the NDA last? +
24 months from signing date. Standard market terms. Custom NDAs available on Enterprise plans.
Is the NDA legally binding? +
Yes. Governed by Indian law, jurisdiction Mumbai. We capture IP, browser, and timestamp for audit. Generated PDF is admissible evidence.
What happens if someone breaches the NDA? +
Sellers can pursue legal action. We provide audit logs of all document access (who viewed what, when, from which IP) as evidence. Watermarked downloads make leaks traceable.
KYC
Why do I need to do KYC? +
To protect both sides. Sellers want serious verified buyers; buyers want verified sellers with real businesses. KYC also satisfies FEMA / RBI guidelines on transactions above ₹1 Cr.
Is my KYC data shared with counterparties? +
No. Counterparties only see your name and display info, never your PAN, Aadhaar, or bank details. Only our admin team can view KYC documents.
Pricing & billing
When is the success fee charged? +
Only on closed deals — when the Term Sheet is signed and closing payment confirmed. 2% of gross transaction value, deducted by us at closing.
Can I cancel my subscription anytime? +
Yes — cancel from Settings → Subscription. Pro-rated refunds on annual plans within first 30 days.
Closing the deal
How does escrow work? +
Tri-party account via Razorpay Escrow. Buyer deposits closing payment. Funds released to seller after milestones (asset handover, document transfer) are confirmed by both parties + admin.
Do you provide legal templates? +
We auto-generate NDAs, LOIs, and Term Sheets from templates pre-vetted by Indian M&A counsel. Definitive Agreements are drafted by your own lawyer (we can recommend from our partner network).