Origo to focus on e-Mandi platform
Origo aims to enroll more than 20,000 market participants on its platform and reach a revenue target of Rs 100 crores via them by FY 2025.
Hyderabad: Strengthening the commodities value chain, Origo Commodities has now on-boarded industry veteran KV Singh as its Vice President (VP) of e-Mandi digital platform. Singh has experience in commodity exchange, retail assets, business network development, and farmer producer companies (FPCs) alongside others.
At Origo, Singh will also establish market linkages for the company’s government and corporate clients’ procurement and disposal operations. Origo aims to enroll more than 20,000 market participants on its platform and reach a revenue target of Rs 100 crores via them by FY 2025. Origo will focus on Punjab, Haryana, Uttar Pradesh, Rajasthan, Maharashtra, Tamil Nadu, Delhi-NCR, and Karnataka. It will concentrate on wheat, corn, paddy, pulses, and oilseeds.
Sunoor Kaul, Co-Founder, Origo Commodities said, “We are leaving no stone unturned to improve the efficacy of our agricultural sector by addressing the prevalent constraints in supply chain.”
Origo will focus on forward auction, where a major trader can come and run an auction for selling stocks to other participants and processors; reverse auction, where a major trader can come and run an auction for buying stocks, and spot matching auction listed on Origo’s e-Mandi platform with certain quality and delivery parameters, wherein any trader or processor can come and participate in the auction, a release said.
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