Used Car Dealers Company Investment Opportunity in Noida, India
Biddrx is an Online Used Car Auction Platform bringing Trust & Transparency.
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 170 thousand |
| Run Rate Sales | USD 550 thousand |
| EBITDA Margin | 8 % |
| Industries | Used Car Dealers + 1 more |
| Locations | Noida |
| Local Time | 2:37 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
170 thousand
for
10.0%
stake
(Native Currency: INR 15,000,000)
Reason: We need the investment to scale up in terms of reach, we are aiming for tier 1 and tier 2 cities and...
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Includes physical assets worth
USD
26 thousand
Interested to connect with advisors
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Business Name
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User Verification
Documents
ROC-Verification.pdf
(66.0 KB)
Business Overview
- Upcoming car dealer website based in Noida, Uttar Pradesh.
- We have sold 80+ cars so far and the average value per transaction is INR 3.5 lakhs.
- We currently sell 6-7 cars per month. Our website is for buyers and sellers, our USP is that we do not work with dealers.
- Both parties pay a platform fee.
- Our main program is a direct deal program. We have introduced a new program called the stock in program where we purchase the cars ourselves and sell them.
- We currently have tie-ups with two garages to store our cars and plan on expanding.
- Our company was represented in the international trade show in UP and we are recognized by UP startup and startup India.
- Proprietor has 8+ years of experience in the startup space.
- The business is registered in Saharanpur, but the operations are run from Noida.
- We are able to generate this revenue with 7 employees given that we deal in luxury cars and we are an online platform.
- We have sold 80+ cars so far and the average value per transaction is INR 3.5 lakhs.
- We currently sell 6-7 cars per month. Our website is for buyers and sellers, our USP is that we do not work with dealers.
- Both parties pay a platform fee.
- Our main program is a direct deal program. We have introduced a new program called the stock in program where we purchase the cars ourselves and sell them.
- We currently have tie-ups with two garages to store our cars and plan on expanding.
- Our company was represented in the international trade show in UP and we are recognized by UP startup and startup India.
- Proprietor has 8+ years of experience in the startup space.
- The business is registered in Saharanpur, but the operations are run from Noida.
- We are able to generate this revenue with 7 employees given that we deal in luxury cars and we are an online platform.
Products & Services Overview
Our top selling cars are usually sedans. We sell luxury as well as family cars.
Assets Overview
Currently our assets include stock in program cars and our website.
Facilities Overview
Our office is in a rented space in Noida, sector 63. The rent is INR 12,000.
Capitalization Overview
The business has 3 directors who are all family members. The business raised INR 22.5 lakhs in first stage funding and currently has no liabilities.
Recent Activity
-
Earlier than 15 daysVP Operations, ISP, Bengaluru, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Finance Service, Delhi, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysExecutive Director, New Delhi, Financial Consultant connected with the Business
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