Auction.io

Auction.io is a B2B Software-as-a-Service (SaaS) provider that offers customizable e-commerce and auction solutions for single and multiple vendors. The company, operated by YourStore LLC, was established in October 2021 and is headquartered in Dallas, Texas. It aims to help multichannel e-commerce sellers, particularly in the liquidation industry, automate the creation of auction listings. The platform is designed to serve various business sizes, including small, mid-size, enterprise, freelance, and government entities.

The company was founded by CEO Rajesh Rajaram and the team includes Robert Freedman as President. Since its launch, Auction.io has been self-sustaining through internal cash flows until securing a seed funding round in October 2023. This investment, from backers like Agya Ventures, Liquid 2 Ventures, and Adam Neumann, is intended to fuel expansion into verticals such as automotive, real estate, collectibles, and returns processing (reverse logistics). Strategic acquisitions have been part of its growth, including the purchase of real estate bidding platform Doorsey in May 2023 and auction SaaS provider SimpleAuctionSite.com in May 2024, which brought its founder, Robert Freedman, aboard as President.

Auction.io's business model is subscription-based, with monthly plans starting from $79. Revenue is also generated through platform fees, which can be a percentage of the final value of a sale. The platform provides a white-label webstore that can be branded to the seller's business, allowing them to run auctions directly from their own websites. Key features include automated cataloging by scanning various product codes (UPC, ASIN, ISBN), inventory management, automated invoicing, and the ability to post listings on multiple marketplaces. For bidders, the platform offers features like proxy bidding, outbid notifications, and a watchlist. The technology leverages AI and machine learning to enhance the auction experience and integrates with numerous services including PayPal, Stripe, QuickBooks, and Salesforce.

Keywords: B2B SaaS, online auction software, e-commerce solutions, liquidation industry, multi-channel e-commerce, white-label auction, reverse logistics, automated invoicing, inventory management, live video auctions, returns processing, real estate auctions, collectibles auctions, automotive auctions, subscription model, seed funding, API integration, payment processing, bidder management, cataloging system