Used Car Dealers Company Investment Opportunity in Pune, India
Pune based online marketplace for auction of automobiles which is inventory and logistics free.
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 640 thousand |
| Run Rate Sales | USD 700 thousand |
| EBITDA Margin | 10 % |
| Industries | Used Car Dealers + 1 more |
| Locations | Pune |
| Local Time | 1:00 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
145 thousand
for
15.0%
stake
(Native Currency: INR 12,500,000)
Reason: We have tied up with banks and have got the contract for pan India auctions, so we need funds for op...
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Includes physical assets worth
USD
2.3 thousand
Interested to connect with advisors
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Business Name
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User Verification
Documents
Domain-Verification.pdf
(212.8 KB)
Certificate of Incorporation
(523.2 KB)
ROC-Verification.pdf
(60.9 KB)
Business Overview
- We aim to be a B2B & C2C marketplace to buy and sell vehicles through a transparent live bidding system.
- Have a website and mobile application on Android for provision of services.
- Platform does not maintain inventory or provide logistics. It is powered by automated inspection and machine learning.
- We have two types of clients: those who list individual vehicles for auction and retail vehicle dealer listing.
- Have hosted more than 1,000 auctions of individual customers and have had more than 2,000 vehicles listed by retail vehicle dealers.
- Recently tied up with banks such as ICICI and Axis to sell vehicles that they were pledged to them, that they plan to auction.
- Promoters have combined experience of 30+ years in tech development and operations business.
- Have won the best startup award in Pune in an event held by Cisco and IIT Kanpur.
- Our revenue model is a flat subscription based fee for listing the vehicles.
- Have a website and mobile application on Android for provision of services.
- Platform does not maintain inventory or provide logistics. It is powered by automated inspection and machine learning.
- We have two types of clients: those who list individual vehicles for auction and retail vehicle dealer listing.
- Have hosted more than 1,000 auctions of individual customers and have had more than 2,000 vehicles listed by retail vehicle dealers.
- Recently tied up with banks such as ICICI and Axis to sell vehicles that they were pledged to them, that they plan to auction.
- Promoters have combined experience of 30+ years in tech development and operations business.
- Have won the best startup award in Pune in an event held by Cisco and IIT Kanpur.
- Our revenue model is a flat subscription based fee for listing the vehicles.
Products & Services Overview
We provide live auction services for buying and selling vehicles. Plan to introduce additional services such as insurance, loan, servicing and accessories.
Assets Overview
Tabs, IP, computers, furniture and fixtures, goodwill.
Facilities Overview
We have leased office space of 5,000 sq. ft. in Bavdhan, Pune.
Capitalization Overview
The business has 2 partners having a 82% and 18% split.There are no loans on the business, and it is fully self-funded.
Recent Activity
-
Earlier than 15 daysDirector, Financial Services, Pune, Individual Investor / Buyer connected with the Business
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