"We’re incredibly proud of this milestone and grateful for all the support and trust that our partners have put in us to enable us to reach this point"
- Robin Rathore - Bamboo Auctions
Bamboo Auctions has passed a major milestone, with estate agents using its online auction platform now surpassing £1bn in total property sales.
Founded in 2016 by Robin Rathore (pictured), Bamboo provides estate agents with white-label technology that enables them to run their own online auctions. The platform is now used by more than 1,200 estate agency branches and has facilitated the sale of over 5,600 properties.
Nearly 100,000 users have now interacted with the platform. Buyers aged 40–59 make up half of the current buyer base, highlighting the tech’s reach among experienced property investors and homeowners.
“At the heart of everything we do at Bamboo is a desire to help agents sell more properties," comments Bamboo Auctions CEO Robin Rathore (pictured). "We’re incredibly proud of this milestone and grateful for all the support and trust that our partners have put in us to enable us to reach this point. To sell £1bn worth of property is no mean feat and it’s also a real testament to the hard work that the team at Bamboo have put in to achieving this.”
He added, “Almost weekly, we read about the struggles that estate agents face: longer transaction times, increasing supplier fees and pressure to compete on commissions. It’s not right that agents face these challenges, whilst at the same time often being the piñata of the property industry. Bamboo is a real supporter of estate agents – from day one, we have aligned our revenue model with that of the agent – we make our money when agents make their money. Our tech is built from agent feedback and we’re here to go above and beyond with everything we do.”
“In the current property market online auctions are offering both agent and vendor a viable way to sell properties with more speed, certainty and transparency and we continue to see a growing demand from agents who are realising the benefits this can offer in enabling them to stay competitive in the market.”
