Sheerdrive Acquires OTOBids, An Online Evaluation & Pricing platform For CVs
Sheerdrive, a Mumbai-based Digital AI/ ML pre-owned vehicle platform, has expanded its business with the acquisition of OTOBids, an online evaluation and pricing platform for used commercial vehicles.
On the acquisition, Founder of Sheerdrive, Ravi Mehra, commented in press statement, “The incorporation of OTOBid’s evaluation tool for Commercial vehicles and tractors enhances our product suite, transforming Sheerdrive’s VIAR app into a comprehensive evaluation tool for key vehicle and brand segments within the Used Vehicles Market. This strategic enhancement underscores our commitment to providing an all-encompassing solution for both new and used vehicle dealers, further solidifying Sheerdrive's position as a trailblazer in the industry."
The addition of OTOBids extends its reach to encompass Commercial Vehicles and Tractors, culminating in Sheerdrive's platform becoming an all-encompassing solution for used vehicles across key segments.
Vishwanathan Raju, the founder of OTOBids will join the Sheerdrive team as Director with this acquisition. His expertise will play a pivotal role in integrating the OTOBids application with the Sheerdrive program, ensuring perfect collaboration and further enhancing the overall functionality of the Sheerdrive platform.
Vishwananthan Raju, the founder of OTOBids, added “I am deeply grateful for the opportunity to join hands with Sheerdrive, where I am confident we will collectively ascend to new heights and realise our shared dreams."
