Pickles launches $10 million ventures and innovation division with four start-ups already signed

Sydney, 10 August, 2017 – Pickles, Australia’s largest automotive and equipment auctioneers and valuers, announced today the development of a specialised innovation unit – Pickles Ventures.

Pickles Ventures is a separate business division created to find disruptive, early stage start-ups that align with its vision for the future. The division will act as an incubation unit, where start-up businesses and entrepreneurs can leverage Pickles’ vast experience and resources to create new offerings for the marketplace.

Within Pickles Ventures are cobranded Pickles businesses as well as independent entities located across Australia and Asia.  These include: Australian-based Datium Insights, Carzapp, and Iungo Connected Car; as well as Malaysian-based, Pickles Asia.

“We are excited to announce the launch of Pickles Ventures,” said Simon Meyrick, General Manager at Pickles Ventures. “As we collaborate with companies, both here and overseas to launch new products and businesses, we continue to drive a fully- integrated model with innovation at its core.  This new capability in our business is a platform to drive our future growth at scale and speed.”

Bruce Maclennan, CEO of Pickles said the new Venture division proves the company’s commitment to embedding new technology into the auction process as well as diversifying its revenue base and broadening its reach in the marketplace.

“For over 50 years, Pickles has forged a reputation for being entrepreneurial, innovation remains at the heart of our business. We are building relationships and supporting Aussie-owned and Asian-based start-ups who value our expertise and will assist us in continuing to create trusted marketplaces. Ultimately, we want to find simple solutions to our customers’ problems.”

Find out more about Pickles Ventures here:
Ventures.Pickles.com.au

For more information, please contact:

Kelly Drew
The Origin Agency
0418 486 959
Kelly.drew@originagency.com.au

Gina Leung
The Origin Agency
0450 133 482
Gina.leung@originagency.com.au

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