VIDEOWhy will you do well?
We bring agility, flexibility, innovation, and expertise together to deliver a value-driven solution for our clients. As a team of smart-working, committed, and result-driven professionals, we turn challenges into opportunities with our forward-thinking and practical approach. We succeed at using best industry practices and frameworks, which conditions us to succeed in every venture we take up.
Where are you based?
FATbit is based in Mohali, Punjab, India.
When was the company launched?
The company was launched in 2004.
Tell us about your services & products
FATbit started as a web design company in 2004 and has focused on expanding its range of services and products ever since. Our service range includes web and mobile app development, and marketing and growth solutions.
Moving on to our product range, we build marketplace systems to help aspiring entrepreneurs easily enter the market and get their business off the ground. On-demand and asset-light business models are the matter of the moment, and our customizable and scalable marketplace platforms are designed keeping in mind the latest trends and user demands are helping entrepreneurs build Amazon- or Alibaba-like ventures.
One of our top-notch multi-vendor marketplace platforms is Yo!Kart , which has helped us gain a competitive edge with its potential to cut the time to market (TTM). Multiple online food ordering businesses are powered by Yo!Yumm, which helps build responsive, ROI-driven mobile apps for Android and iOS. Also, Online Rental Marketplace, Yo!Rent which has multi-vendor capabilities and can support renting and selling business model.
Who are you trying to attract to your product?
With our advanced, flexible, fully customizable, and future-proof web development and ecommerce solutions, we are targeting startups as well as multi-million dollar companies across the world.
Our solutions aim to serve several industries such as Food and Beverages, Travel, Coaching, Rental, Ecommerce & Retail, Grocery, and Gig economy while adding to their growth and value.
What have been your biggest wins to date?
Among the thousands of projects that we have delivered so far, there have been some remarkable ones, including the polished diamond trading marketplace we built for the Israel Diamond trade industry, UNI Diamonds and a multi-vendor marketplace for one of the top brewery companies. Both of these marketplaces have been built using Yo!Kart, which has been featured in multiple online magazines over time.
Forbes listed Yo!Kart among the best ecommerce platforms, while Entrepreneur.com listed the platform as a perfect multivendor solution for startups & SMBs.
We recently added Yo!Coach to our expanding list of ground-breaking products. Yo!Coach is a pioneering online consultation platform using which you can quickly launch your own two-sided marketplace. Via Yo!Coach, we aim to target the online consultation vertical.
What tips would you give to others looking to build their business?
Would like to share a few fundamental tips with others:
Before you invest big money into any new business venture, evaluate your business ideas by filling up the business model canvas.
Discuss your business model with your friends, colleagues or mentors, take their feedback and tweak it.
Do not look for investors at the seed stage unless your business really needs it. There is no free money, be it your own money or borrowed money or investors money; investors money is the costliest as you need to give them equity in return.
Prepare an organization/team structure and hire the right people to execute the business plan.
Always focus on the IMPORTANT activities (what is important for your business), not just the urgent ones, learn and practice time management. Always take care of IMPORTANT tasks before these become URGENT.
Always read books to acquire in-depth knowledge of different aspects and subjects related to your business.
Try to find a few mentors who you can consult when you feel your business is at the treadmill stage.
Tell us about your team?
FATbit’s team of professionals consists of highly skilled and experienced individuals conditioned to think out of the box ideas to help businesses grow at a rapid pace. Our designers and developers have extensive experience of 10+ years in their respective fields and hold expertise in multiple technology frameworks such as Magento, CakePHP, Opencart, WordPress, Drupal, Joomla, and YII.
Overall, we have a team of 100+ professionals, that’s dedicatedly working in harmony for FATbit’s and its clients’ success while creating a brand- and sales-focused marketplaces.
What are your plans for the future?
Taking into consideration the contemporary ways of managing businesses, we keep changing how we conduct our business operations. We are working on expanding our team size so that we can meet the growing demand for our products and services. Our future plans are simple: keep doing better than our previous best.
What are your favorite tech gadgets?
My favorite tech gadgets are laptop, mobile phone, and iPad.
Apart from this, some of the tech tools that I prefer include:
Google Analytics – For analyzing website traffic, understanding visitor habits and patterns
ClickTale – For recording and viewing the activity of each website user in real-time.
LinkedIn – For B2B marketing.
Anything else you’d like to add/we should have asked?
Questions: Who should connect with FATbit and why they should select FATbit as a technology partner?
Aspiring entrepreneurs and businesses who want to embrace the power of digital. Our products and the pricing has been strategically planned to suit the needs of startups, SMBs, and enterprise-level businesses. Pocket-friendly for startups, sustainable for SMBs and easily customizable for enterprise level.
Our solutions enable businesses to transform ideas into an industry and achieve a competitive advantage. Our cross-trained workforce stays flexible and responds rapidly to meet the client’s varying needs.
How do people get in touch with you?
We are open to all kinds of queries, concerns, and feedback, and welcome customers to reach us via our email address or schedule a face-to-face interaction. One of our dedicated business analysts gets in touch with the client and becomes their single point of contact to keep the communication transparent and lucid.
Official website link: https://www.fatbit.com/
Here are social media links:
https://www.facebook.com/ FATbit.Tech/
https://www.linkedin.com/ company/fatbit-technologies
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