Cars sold through BiddrX go through 75+ checkpoints, before being added to platform for buy / sell. Fees charged by BiddrX is disclosed upfront, resulting in no surprises:
*Non-accidental car of genuine sellers only, no dealer as a seller
*Sell at the best Bid received on car / on spot best price stock-in deal
*No legal consequences or concerns as transfer is mandatory for all cars sold through BiddrX
Startup Description
*Biddrx is an online auction platform, where buying and selling of cars takes place with ease
*BiddrX aims to provide Certified Used Cars at affordable Best Price to all Customers with a post-sales service facility so that they can focus on Work without worrying about Car
Product Screenshots
Business Model
Marketplace Direct Deals Program:
*Earning fees on buy and sell of used cars on BiddrX platform. No inventory holding cost for BiddrX
*Fees: 10K each from Seller / Buyer for car value up to 3 Lakh, 15K each for car value between 5L to 10L, 1-2% of deal value for car value >10L
Stock In Program:
*BiddrX opportunistically buys good condition cars at discount and sells them at a premium. Result in improving Margins to ~10-15% (vis-à-vis Marketplace model)
Creating Additional Revenue Streams:
*Post Sale Services i.e. Insurance, Service, Warranty Packages
*Used Car Loans through Partners
Customers
based in
India
Business
Modal Type
D2C
Type of
Sales
C2C, B2C
Competitors
In Used Car Segment, there are few companies in systematic ecosystem like Cars24, Spinny, Cardekho etc. captured 5-7% of total Indian Market.
Teams
Abhishek Garg
Co-Founder
Why did you decide to start this
company?
BiddrX is an Online Used Car Auction Platform bringing Trust & Transparency and removing hassles in used car sales.
Are all the founders full-time on this
project?
Yes
Looking for an
opportunity to invest in companies
like BiddrX?
