About the Client

The client is a large industrial enterprise managing significant volumes of rubber material and was looking for a transparent, market-driven approach to maximize value realization from material sales.

With multiple lots to be disposed of, the client aimed to:

  • Achieve fair market pricing
  • Expand buyer participation beyond existing networks
  • Ensure structured execution with complete visibility

To achieve this, the client adopted ValueTek, Matex Technologies’ digital auction platform.

Challenges
  • Limited price discovery due to negotiated and relationship-based selling
  • Restricted access to a wider, verified buyer base
  • Difficulty in benchmarking real market demand across multiple lots
  • Need for a compliant, audit-ready selling process
Solution

Matex Technologies deployed ValueTek’s digital forward auction framework for the rubber category.

Key elements of the solution included:

  • Structured lot creation for 136 lots
  • Pan-India buyer onboarding and verification
  • Real-time competitive bidding with transparent price discovery
  • End-to-end auction execution and monitoring
Auction Snapshot:

Product Category: Rubber

Total Lots: 136

Average Bidders per Lot: 14

Impact

Starting Value: ₹5.77 Cr

Final H1 Value: ₹7.15 Cr

Incremental Value Realised: ₹1.38 Cr

Overall Price Increase: 23.83%

Future Roadmap

  • Extend digital auctions to additional material categories
  • Use auction data for continuous price benchmarking
  • Increase auction frequency to improve demand discovery
  • Build a long-term, competitive buyer ecosystem

About Matex Technologies

Matex Technologies Private Limited is a digital commerce and procurement enablement company helping enterprises replace negotiated outcomes with transparent price discovery.

Through platforms like ValueTek, Matex enables organizations to:

Matex brings together technology, process, and execution to help enterprises sell smarter and unlock true market value.

Other Success Stories

effective addressed the transportation challenges, leading to significant cost savings, improved efficiency, and strengthened market leadership for the client, TransportTek, Matex Technologies
TransportTek logo, Matex Technologies

ProcTek has come up with a beautiful tool and concept which helps us in freight cost reduction and brings transparency in the system- Client

How a Steel & Mining Major Secured 28.20% Freight Savings in Just 51 Minutes Using TransportTek
TransportTek logo, Matex Technologies

How a Steel & Mining Major Secured 28.20% Freight Savings in Just 51 Minutes Using TransportTek

Maximizing Returns: ValueTek’s Digital Auctions Unlocked ₹87 Lakh from Wood Scrap
ValueTek logo, Matex Technologies

Maximizing Returns: ValueTek’s Digital Auctions Unlocked ₹87 Lakh from Wood Scrap

Matex Newsletter

New Releases · Seasonal Promotions · News