Kolkata-based Kanoria family on launched a digital marketplace startup for equipment sale and rental market christened iQuippo.com bringing the online model to the equipment leasing business.

The digital marketplace, a first-of-its-kind, will allow owners to list their assets and services, negotiate with buyers, close terms of the deal, generate digital contracts/invoices, and get real-time payments. The platform will offer total solutions for all types of construction and mining equipment and will also provide value added services like asset certification, valuation, parking, maintenance, logistics, spare parts and manpower. Sellers can upload asset details and images, and transact with buyers instantly.

Commenting on the launch of iQuippo.com, Sunil Kanoria, Vice Chairman, Srei Infrastructure Finance Limited, said, “The real and digital worlds are converging; bringing greater efficiency and lot of new opportunities. Apps are defining almost every aspect of our lives and the way we do business. Keeping up with the trend of digitisation, we are announcing the launch of iQuippo, which will reinvent the way businesses engage and interact with their customers. This unique initiative will offer total solutions, solving the problems of market access and information asymmetry in the large but fragmented infrastructure equipment market. Srei has been a pioneer in infrastructure financing and development. We will continue to support initiatives that will revolutionise the infrastructure industry.”

iQuippo is sponsored by Srei that operates in infrastructure project finance, infrastructure equipment finance, equipment rental, fleet management, equipment auction etc.

Devendra Kumar Vyas, CEO – Financial Services, Srei, said, “iQuippo is a strategic initiative that will aggregate the infrastructure equipment marketplace by digitally empowering the customers’ decision on buying, selling, renting, auctioning etc. Srei, the front-runners in innovations for infrastructure equipment solutions, will now enable life-cycle decisions of such equipment seamless in India and in global destinations.”