Having transformed the coal and steel supply chain of India , we were looking to enter new categories when Food Corporation of India invited us to auction food grains. We went in to study the existing process before creating a new market place that would transform the food grains sector. We came up with an effective solution, a marketplace with an effective distribution mechanism that addresses the insufficient storage infrastructure leading to degradation of food grains in India. Like all other platforms that we previously built, we conducted training for FCI officials and hand held the buyers into our new platform for eAuction of agricultural commodities. This integrated auction and post-auction portal with bid logic as per requirement has transformed the way food grains were distributed earlier. All auctions are conducted on a single platform enabling buyers from across the country a single window of purchase.This platform enables timely and transparent distribution to a 4,000-strong buyer base all across India.
Over 25 lakh tonnes of food grains worth INR 500 Crore has been successfully sold in the platform.