India, April 9 -- HT Syndication

Mumbai (Maharashtra) [India], April 9: In a development that will reshape India's asset auction landscape, OTOBIDS Pvt. Ltd., part of Sheerdrive, has secured India's first patent for a unified, multi-platform auction technology, bringing fragmented marketplaces onto a single interface and supporting more efficient price discovery at scale.

India's asset auction market, estimated at Rs. 1.8 lakh crore, spans vehicles, properties, gold, scrap, and commodities, but remains structurally fragmented. Sellers typically list assets across multiple platforms to maximize reach, while buyers are distributed across disconnected networks. This fragmentation restricts competition, delays transactions, and often result...