Bengaluru firm gets patent for real-time bidding tech for digital procurement

Bengaluru-based startup eReleGo Technologies said it has received a patent for its digital procurement platform Biddofy from the Indian authorities. The platform enables real-time bidding between private sector buyers and GST-registered sellers, the company added.

The platform uses proprietary low-code / no-code technology to facilitate the bidding, allowing transparent price discovery in private sector procurement, the startup noted in a statement.

The patent opens avenues for new revenue streams, strategic partnerships, and market expansion, it added.