Who are your clients?
Marquee investment & consulting firms, leading startups, corporates and enterprises in India are the customers of Vedak.
Who are your consultants? What kind of projects can be posted on the site?
Vedak is an exclusive network of business consultants, software developers, and designers who find quality work with enterprise clients. All Vedak consultants have significant work experience in top companies with the solid educational background. We have industry consultants (Sales & Business Development, Manufacturing, R&D, Operations, Supply Chain), management consultants, software developers from product companies and designers.
Are there any upfront recruiting or contractual costs?
No. If you are a client and looking for hiring good consultants for your project, simply sign up as a client with Vedak and post the project. Vedak team will reach out to you for clarifications if any. You will start getting the proposals and bids from most suitable consultants for your project.
How does Vedak work
Our three-step process ensures that 99% of our projects have very high approval ratings.
- Onboard exclusive consultants having significant experience in top companies from respective domain or the people from top companies and/or top colleges
- Assignment of the consultants for the project: Our smart algorithm matching tool powered by machine learning, natural language processing, and curated skill taxonomy help us in recommending the best consultants for the clients. Additionally, we do our interview with the consultant to assure their competence.
Free trial period - Our confidence in the quality of our consultants allows us to provide a free trial period (up to 25% of the project duration) - during which if the client is not satisfied, he can cancel the project or seek a replacement without any charge.
How is it different from other freelancing companies
Vedak solves the problem where the client doesn’t know the quality of the freelancer he is hiring unless they start working with them. To account for the risk, clients lower the prices they pay for the talent, however this makes quality freelancers stay away because they know they are worth much more. Vedak strives to overcome this by becoming a:
- Trusted signal of quality - Current freelancing sites like Upwork depend on ratings/feedback and standardised tests which can be gamed. We onboard only freelancers from top companies and colleges and manually evaluate once relevant project becomes available to guarantee quality
- Easy for Moonlighters - Large majority of projects only require part-time work by expert freelancers who can give time after their day jobs at good companies.We recruit from current employees proactively and give them quality projects.
On-site interactions - Most projects will require some face to face interaction once in a while.We proactively build freelancer communities in specific cities one at a time to solve for this
How is the trial period no-risk?
Customer satisfaction is critical to us. While we rigorously screen all the consultants to ensure talent and intelligence, we understand that not every person will be a perfect fit for every company. That’s why we provide a free trial period - (up to 25% of the project time or maximum up to 1 week) and guarantee replacement with the right consultant. We do it quickly (within 1 or 2 days) to avoid wasting time of the customer
How do you handle confidentiality?
We do not disclose the client’s identity to the rest of consultant pool. Consultants working on your project will only come to know about your organization once you disclose it to them 1:1
The clients can sign a separate /own NDA with the consultants if it is required.
I have specific legal compliance requirements - NDA, companies restriction, non-compete etc. Can I hire from Vedak?
Absolutely. We have been working with top consulting and PE firms with very strict compliance requirements. Our legal team will be happy to work with you to address any specific NDA/concerns
How does the payment process work?
Once both users ( client and consultant) confirm the completion of the project, we initiate the payment process. We invoice our clients in INR and applicable taxes are mentioned. We invoice our client based on the nature of the project
- For short-term consulting projects, Vedak raises an invoice to the client once the project is completed.
- For long-term projects (with duration more than 1 month) we typically invoice our clients twice a month.
The client needs to bank transfer the fees within 15 working days. Any payment not received from the client by the due date may accrue, at Vedak’s discretion, late charges at the rate of 1.5% of the outstanding balance per month, or the maximum rate permitted by law, whichever is higher from the date such payment was due until the date paid.
Please note that we currently accept only bank transfer.
We don't have enough budget for my project. Can we partner for equity?
When does my project start?
Once the client posts the project, team Vedak reviews the project details for completeness and makes it live. Usually, the client will start getting the relevant bids in first 24 hours, and then the client can kick-start their engagements.
Can the client directly search for the suitable consultants based on the consultation request?
To protect the identity of our consultants, you will not be able to search consultants. Only once they bid for your project, will you be able to know their profile
How does the pricing work:
We have consultants across functional areas and industries. The consultants decide upon the prices considering project type, length, intensity, expertise requirement,
experience. If the client clearly mentions the budget, the consultants may get an idea about the expectation and allow them to determine if the project is of interest. We will work with the clients to find the right price point for their projects.
- Longer projects with definite scope of work usually have fixed price
- Smaller projects / the scope of the work is not well defined can have hourly / daily consultation charges.
Can a consultant work onsite?
If the client wants a consultant to work with them on-site, the client has to clearly mention in the project detail form itself. This will help in attracting the right talent for their requirements.
What happens if the consultant I have selected is unavailable for the days or times they are scheduled to work with me?
Vedak goes to every possible length to ensure that this doesn’t happen. Considering your reliance on our consultants, we take all the measures to ensure the availability and reliability of our consultants. However, in the unlikely circumstance, we will either source an alternative consultant or credit back the time billed to the client.
Who owns the intellectual property rights of the work created by a Vedak consultant?
Obviously the client. Vedak helps its clients to connect with the world-class consultants who want to work with them on a project basis and for the property. Our terms and conditions clearly mention that all the work is the property of the client, not Vedak or its consultants.
Can a client negotiate with the consultants on the consulting charges?
Once you start getting the bids from the consultants, the client can negotiate with the consultants on the consultation charges via Vedak platform Services only. Please note that we always work with you to find the right price point for your project.
Can a client hire more than one consultant for a project?
Can a client hire a consultant on a full-time role?
Absolutely. Vedak allows the clients to hire a consultant on the payroll. For placement of full-time hires, we charge 15% of the first year’s salary.