Deal Description

Ask =  ₹ 3.5 Cr

Why us?

1. We aim to be the Global B2B & C2C Marketplace for buying and selling used vehicles for local dealers like Bikes, Cars, and Commercial Vehicles.
2. We are the only Inventory-Free and Logistics-Free platform completely powered by technology, which calculates the best price of the vehicle using AI & AR powered Automated Inspection, and ML-powered drive profile.
3. We guarantee satisfaction with Transparent Live Bidding of the vehicle.

Market Size:

1. TAM = $ 8.4 Bn
2. SAM = $ 2.1 Bn
3. SOM = $ 840 Mn

Traction:

1. Auctions = In FY21, we had auctioned 750 vehicles. In FY22, it was increased to 12181.
2. Dealers Registration = In FY21, 320 dealers had registered. But in FY22, it increased to 360.
3. Users Registration = In FY21, 2850 users had registered on our platform. In  FY22, it increased to 3000.
4. Sales = In FY21, we had sold 102 vehicles and in FY22, we had sold 275 vehicles. 

Future Projections:

1. Y1 = ₹ 4.28 Cr
2. Y2 = ₹ 12.73 Cr
3. Y3 = ₹ 18.82 Cr
4. Y4 = ₹ 27.62 Cr
5. Y5 = ₹ 29.80 Cr

Usage of Funds:

1. Technology and Platform Development = ₹ 75 lakhs
2. Marketing and Promotions = ₹ 75 lakhs
3. Operations, Business Development to multiple = ₹ 1.75 Cr
4. Allied Services Offerings = ₹ 25 lakhs

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