Bussiness Ideas
Biddrx is an Online Used Car Auction Platform bringing Trust & Transparency and removing hassles in used car sales. Serving the entire life cycle of largely unorganized Used Car Market, right from creating a transparent and affordable marketplace buying / selling to providing the after sales service.
Technology acting as catalyst enabling buyers and sellers to connect virtually through online Marketplaces and accessing a much bigger pool of cars to choose from.
Business Model:
Marketplace Direct Deals: Earning Fees on Buy / Sell Used Car at Biddrx Platform
Stock-in Program: Opportunistic buying of Used Cars and selling them at a Premium (much higher upside) at Biddrx Platform.
Cars sold through BiddrX go through 75+ checkpoints, before being added to platform for buy / sell.
Non-accidental car of genuine sellers only, no dealer as a seller. Cars are sold at competitive prices in both Marketplace and Stock-in Deals model by competitive Bidding Process, transparent and visible bidding, providing BiddrX an advantage to close deals at a faster pace.
Hassle free Ownership transfer happens within 30 days post transaction close as buyers and sellers deal directly through BiddrX Platform hence No legal consequences or concerns as transfer is mandatory for all cars sold through BiddrX.
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