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Agri-Fintech Startup Raises $20 Mn In Debt Funding With DFC Guarantee

Agritech startup Origo Commodities has raised $20 Mn in debt funding from the United States International DFC

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The best view comes after the hardest climb – 25 quotes from Indian startup journeys

From attitude to achievement, witness the memorable journey of Indian entrepreneurship in these quotes, excerpts, and stories!

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Origo launches e-auction platform for commodity trade - The Hindu BusinessLine

Origo launches e-auction platform for commodity trade May 12, 2021 The auction platform will be useful for both private and government entities Origo Commodities has launched an e-auction platform to help stakeholders such as farmers, traders and agri-processors to procure and sell commodities. The platform offers options such as price discovery, price risk, trade settlement, forward and reverse auction among others, the company said in a statement. Participants can register on the platform digitally using their mobile phones, receive notifications on upcoming auctions and realise their payments directly. The auction platform offers the capability of forward auction (to sell) and reverse auction (to purchase) commodities, Origo said.

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Forward contracts getting better response: Origo Commodities

Forward contracts getting better response: Origo Commodities April 23, 2021 Company expects contracts to top ₹1,500 crore annually within 3 years Agri fin-tech firm Origo Commodities said its forward contracts for various agro commodities have been receiving good response from stakeholders such as processors, traders, corporates and investors among others. The company expects forward contracts to touch ₹1,500 crore per year, within the three years, said Sunoor Kaul, co-founder and director, Origo Commodities. Over past four years, Origo Commodities has issued forward contracts to the tune of ₹500 crore, he said. Three-way benefit Forward contract is a contract between two parties for the delivery of a specific quantity, at a specific price with a specified quality at a specified time in the future. Such contracts offer a three-way benefit to commodity stakeholders – to trade, hedge and finance, Kaul said. Also, given that the forward contracts are designed for deliv

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Origo to reach Forward Contracts worth Rs 1500 crore per year within next three years

Origo to reach Forward Contracts worth Rs 1500 crore per year within next three years
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