Adar Poonawalla Acquires 20% Stake in AstaGuru Auction House

Adar Poonawalla's family office has acquired approximately a 20% stake in AstaGuru, a prominent online auction house established in 2008, which specializes in Indian and international art and collectibles. This strategic investment is aimed at enhancing AstaGuru's presence in both local and international markets, fostering a digital ecosystem that promotes global access to fine art. Poonawalla, an avid art collector, intends to leverage advanced artificial intelligence to improve user experiences and drive innovations in the luxury auction industry. The partnership seeks to generate greater awareness and appreciation for Indian art while building lasting legacies for collectors and artists. AstaGuru's vision, under Poonawalla's guidance, is to create a secure platform that bridges the gap between buyers and sellers and strengthens the art community. This collaboration is expected to transform the luxury auction landscape, integrating research-driven strategies for a better overall experience.