Now live in Rajnandgaon Launching soon in Durg & Bhilai

Our story

Built for the people
who keep a city moving.

FaydaMX brings customers, local businesses, and technology together to make every local purchase more rewarding.

Why FaydaMX

Local commerce deserves digital advantages.

We are building an easier way for neighbourhood stores to earn loyalty, for customers to find value, and for communities to keep more of their spending close to home.

How it started

Born behind the counter,
built for every local store.

FaydaMX began with a problem its founders lived every day as merchants themselves: how can a local retailer keep customers coming back when large-format retail and e-commerce have more tools, data, and marketing power?

A FaydaBazaar prize celebration with an electric scooter
FaydaBazaar in actionReal prize moments, shared with the community.
A Rajnandgaon FaydaBazaar member sign displayed at a local clothing store
Local participationStores proudly joined the movement.
A FaydaBazaar prize handover at a local electronics store
Everyday rewardsCoupons made each visit count.
2023

FaydaBazaar begins

A small group of local merchants came together to create FaydaBazaar—an offline rewards experiment powered by physical coupons.

The proof

Local shoppers embraced it

Customers exchanged coupons for discounts and entered prize draws. The response was strong, and the local community and media took notice.

The insight

More stores needed better tools

After two years, the team saw that technology could make the same local-rewards model easier to scale and more useful for many more businesses.

June 2026

FaydaMX is live

One year of product thinking and one year of development turned that learning into FaydaMX: a platform shaped by merchants who are still customers themselves.

What's next

Expanding to multiple cities

The same local-rewards model is now rolling out beyond its first city—bringing trusted stores and everyday rewards to more communities.

We do not build features in a boardroom. We build the tools we wished we had behind our own counters.

The people behind FaydaMX

Meet the team.

Different disciplines, one shared belief: local businesses can grow better together.

Naveen Jain

Naveen Jain

Director

Rahul Bohra

Rahul Bohra

Director

Vinay Jain

Vinay Jain

COO

Sarvashree Jain

Sarvashree Jain

Co-Founder, CDO

Sridhar Patnaik

Sridhar Patnaik

Technology Advisor

Dhiraj Lokhande

Dhiraj Lokhande

Business Advisor

Come build with us

Have an idea, a local business,
or a role to play?

View careers Talk to our team