New Delhi, 13th May, 2021:  After introducing a range of new-age services for agri stakeholders, Origo, one of India’s leading Ag-fintech startups, has launched an  e-auction service. The platform allows seamless trading of commodities and a transparent and digital way to procure and sell commodities.
A digital platform that offers options such as price discovery, price risk, trade settlement, forward & reverse auction, etc. is the current need of farmers, traders and processors. Procurement is at the core of agri commodities supply chains, and a combination of efficient practices is now seeing the light of the day through initiatives from organizations like Origo.
Origo’s e-Auction platform will allow all participants to register digitally from their location through their mobile phones, receive notifications on upcoming auctions so that they can participate, transparency of the auctions, all documents and payment tracking on the mobile and digital payments so that farmers can receive their payments faster and directly into their accounts. Auction platform offers the capability of forward auction (to sell) and reverse auction (to purchase) commodities.|
Origo’s auction platform will be useful for both private and government entities. Government entities can use the platform for sale of additional stock in the open market with ease and also use the platform for MSP procurement from Farmers with quick digital payments for their deposits. Origo has  also made several strides in offering state-of-the-art warehouse management systems, upgradation of supply chains, and securitized debt instruments to institutional investors and others.

Link for the app here