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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 180 thousand
Run Rate Sales USD 600 thousand
EBITDA Margin 8 %
Industries Used Car Dealers + 1 more
Locations  Noida
Local Time 4:19 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 180 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... View More
Includes physical assets worth USD 28 thousand
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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.

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.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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