Bidsvilla
Bidsvilla operates in the field of online auctions for art and collectibles Working on trading algorithms and auction/trading engine.
| Date | Investors | Amount | Round |
|---|---|---|---|
$140k | Angel | ||
| Total Funding | 000k | ||
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Bidsvilla, legally known as Blue Villa Trade and Auctions Private Limited, was established in 2013 by founders Sanchit Saraf and Girijesh Jha, both alumni of IIT Kanpur. The company operated from Gurugram, India, positioning itself as an online auction marketplace with a focus on arts, vintage collectibles, and handicrafts.
The business was designed to bridge the gap between traditional bidding and modern e-commerce by integrating real-time technology to create a seamless auction experience for consumers. Bidsvilla's platform was built to host auctions for a variety of items, including paintings, sculptures, and other collectibles, by partnering with art galleries, traders, and patrons. The model aimed to bring the excitement of a live auction to an online setting, making it accessible on the go. Revenue generation in such a business model typically comes from commissions on the final sale price achieved during an auction. The platform catered to art collectors and enthusiasts, providing them access to a curated inventory.
A significant milestone for the company was a partnership announced in September 2015 with Conferro Heritae, a London-based auction house. This collaboration was set to bring an inventory of over 500,000 collectibles, valued at over Rs 400 crore, to the Bidsvilla platform through a series of online auctions. The auctions were planned to feature rare items like vintage international news publications, movie memorabilia from the early 1900s including posters and lobby cards, and art from notable artists. Despite these plans and its early vision, the company is now reported as being inactive or "deadpooled" and did not secure any funding rounds during its operational period.
Keywords: online auction, art marketplace, collectibles auction, Indian art, vintage memorabilia, auction platform, art e-commerce, paintings and sculptures, Girijesh Jha, Sanchit Saraf, Blue Villa Trade, Conferro Heritae, online bidding, art collectors, Indian handicrafts, movie memorabilia auction, vintage newspapers, Gurugram startup, IIT Kanpur alumni