Draft:Bidzi

Bidzi

Bidzi
Company type
Private
IndustryMergers and acquisitions, Business marketplace
Founded26 September 2023
FoundersAkshay Dosaj, [[Asif Rashid]]
HeadquartersDubai, United Arab Emirates
Area served
United Arab Emirates, Gulf Cooperation Council
ServicesBusiness listings, Valuation support, Transaction advisory, Escrow services
Websitebidzi.io

Bidzi is a mergers and acquisitions (M&A) marketplace incorporated in Dubai, United Arab Emirates, on 26 September 2023. The platform allows buyers and sellers of small and medium-sized enterprises (SMEs) to connect directly across sectors including retail, hospitality, healthcare, education, logistics, manufacturing, food and beverage, and professional services. It launched publicly in 2024.[1][2]

History

Bidzi was founded in 2023 by Akshay Dosaj, a corporate lawyer, and Asif Rashid, a former Microsoft executive. Both are also co-founders of Eleven Legal, a subscription-based law firm in Dubai that launched in 2025.[5]

The platform was developed partly in response to succession challenges among family-owned businesses and growing interest from investors seeking to acquire established SMEs, as an alternative to starting a new business from scratch.[2][3]

Operations

Bidzi operates as an online marketplace where SME owners can list businesses for sale and prospective buyers can browse listings. The platform covers sectors including restaurants, cafés, supermarkets, schools, gyms, logistics firms, IT companies, clinics, and retail outlets across the UAE, including listings in Dubai, Sharjah, and Abu Dhabi.[1][3]

Services offered include valuation support and advisory for sellers, and transaction support covering escrow, due diligence, and documentation.

Media

In 2024, Bidzi launched The Bidzi Way, a podcast covering SME acquisitions, exit planning, and deal-making in the Gulf region.[citation needed]

Industry Context

SMEs are a significant part of the UAE economy. According to the UAE Ministry of Economy, they contribute approximately 63.5% of non-oil GDP and account for over 94% of registered companies.[6] Around 557,000 SMEs were active in the UAE at the end of 2022.[7]

In Dubai, SMEs account for 95% of all enterprises and employ approximately 43% of the workforce.[9] Earlier figures put their contribution to Dubai's GDP at around 40%, up from roughly 49% nationally in 2018.[8]

Founders

Akshay Dosaj - co-founder and CEO. A corporate lawyer with nearly two decades of M&A experience; also co-founder of Purple Honey Group and Eleven Legal.[5]

Asif Rashid - co-founder. Spent nine years at Microsoft in cloud and enterprise roles across the GCC before co-founding Bidzi and Eleven Legal.[5]

See Also

● Mergers and acquisitions

● Business broker

● Roll-up strategy

References

1. The National News - "How Bidzi seeks to streamline mergers and acquisitions for SMEs"

2. Gulf News - "Bidzi launches in UAE, M&A market for SMEs"

3. Khaleej Times - "Mergers to boost UAE's small business sector"

4. Inc. Arabia - "What you need to know before you sell your business"

5. Zawya - "Eleven Legal launches in UAE"

6. U.A.E - "Small and medium enterprises (SMEs)"

7. WAM - "557,000 SMEs operated in UAE at end of 2022"

8. Magnitt - "SME contribution to UAE's GDP seen at 53pc in 2019"

9. Dubai SME - SME Report (English)

External links

● Official website

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