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Mytek Launches Reverse Auction Model, Reports ₹48.29 Crore Revenue
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Mytek Launches Reverse Auction Model, Reports ₹48.29 Crore Revenue
Mumbai-based commerce platform Mytek launched a reverse auction model on Tuesday, introducing a bidding-based system where sellers compete to fulfil buyer requirements. The company stated, “The model looks to address inefficiencies in price discovery by allowing buyers to post requirements, with verified sellers competing through bids and transactions awarded to the most competitive offer, departing […] The post Mytek Launches Reverse Auction Mo…
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