Deal Name: Sheerdrive
Portfolio company: Sheerdrive Private Limited
Sector: SaaS
Brief About Portfolio Company:
Sheerdrive is a B2B multi-brand car exchange platform that simplifies used car transactions using new-age technology. It enables new car dealers to buy/sell used cars with a TAT of only 3 days. Sheerdrive’s unique tech platform called “VIAR” is a digital AI/ ML pre-owned vehicle platform, which deals with all the key elements required to run a used vehicle program through its auction portal “SUPERBIDS” to liquidate repossessed and total loss cars from its 39 partnered banks and insurance agency. Sheerdrive also provides its tech to car traders in tier 2 and 3 cities to evaluate the true value of secondary cars.