OTOBIDS Pvt. Ltd., part of Sheerdrive, has secured India’s first patent for a unified, multi-platform asset auction technology, aimed at addressing fragmentation in the country’s auction ecosystem.
India’s asset auction market, estimated at ₹1.8 lakh crore, spans vehicles, properties, gold, scrap and commodities, but continues to operate across disconnected platforms. Sellers often list assets on multiple marketplaces to maximise reach, while buyers remain spread across separate networks, limiting competition and affecting price discovery. As an AI-led SaaS platform, OTOBIDS also standardises key processes across the auction lifecycle,[Read More…]
