# Saffronart

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/saffronart

- Industry: Travel & Leisure
- Headquarters: Mumbai, India
- Website: www.saffronart.com
- Total disclosed funding: $12M
- Latest round: Series B (Jan 1, 2007)
- Investors on record: 2

## About

Saffronart operates as an online auction platform focused on the sale and auctioning of fine art, jewelry, and antiquities, connecting collectors and investors in the luxury goods market.Founded in 2000 and headquartered in Mumbai, India, Saffronart specializes in fine art, jewelry, and antiquities auctions. The company has raised a total of USD 12 mn across funding rounds, with the most recent Series B round occurring in January 2007 with investment from Sequoia Capital and Bare Capital. Minal Vazirani, the founder, has a history of involvement in the art market, establishing Saffronart to streamline the buying and selling processes for art collectors and investors.Saffronart primarily engages in the auction and sale of fine art, jewelry, and antiquities. The platform provides an online auction service, allowing users to buy and sell art and collectibles easily. It features live auctions and private sales catering to both individual and institutional clients, with a focus on addressing transparency, authenticity, and accessibility challenges in the luxury goods market.In the most recent year, 2024, Saffronart reported a revenue of USD 64.6 mn and an EBITDA of USD 19.3 mn. The company generates revenue through auction transaction fees, private sales commissions, and advisory services for art investors and collectors.Following the Series B funding round in January 2007, where Saffronart raised USD 12 mn, the company aims to enhance its platform by introducing new features and expanding its offerings. Future growth initiatives include targeting international markets, with specific plans to reach art collectors in North America and Europe by 2025. The recent funding will support the development of these upcoming products and the expansion of operations into new geographic regions.

## Funding rounds

- Series B, Jan 1, 2007, $12M — Hong Shan, Bare Capital

## Investors

- Hong Shan — Series B
- Bare Capital — Series B