India's smart B2B platform for strategic e-procurement
and asset monetization.
and asset monetization.
Comprehensive auction mechanisms designed for every business scenario. Choose the right auction type for your Procurement or sales needs.
Forward auctions are used by organizations that want to sell assets, surplus inventory, machinery, or property through competitive online bidding.
Our online auction platform allows sellers to conduct transparent and secure online auctions where buyers compete with increasing bids.
Administrators configure auction parameters such as starting price, increment value, and duration.
Approved buyers are invited to participate via the bidding platform.
Participants place bids in real time.
The system automatically declares the highest bidder when the auction closes.
Multi-lot auction capability
Auto-bid functionality
Real-time bidder ranking
Configurable bid extensions
Automated winner declaration
Role-based user management
Encrypted bid submission
Time-stamped activity logs
Full audit trail for compliance
Oya also support reverse auctions for procurement , allowing suppliers to complete by offering lower prices.
This e auction mmodel is widely used by organizations seeking cost-efficient sourcing through transparent online bidding.
Buyer publish procurement requirements.
Pre-approved vendors access the online auction platform through secure login.
Vendor submit progressively lower bids.
The system automatically ramks bids.
Supplier ranking visibility
Transparent bid history.
Instant notifications
Vendor authentication and access control
Encrypted financial submission
Secure document uploads
Complete procurement audit logs
Dutch auctions allows pricing to decrease automatically until a participant accepts the price.
Our auction software automates the entire process for time-sensitive inventory sales.
The administrator sets the starting price and decrement intervals.
The system reduces the price automatically over time.
Participants can accept the current price.
The auction closes instantly upon acceptance.
Automated price reduction engine
Ideal for time-sensitive inventory
Real-time price visibility
Secure bid confirmation
Real-time validation
Controlled bidder access
Yankee auction enable multi-unit bidding where participants bid for both quantity and price .
This advanced auction platform supports structured allocation of multiple< items in online auctions.
Multiple identical units are listed.
Bidders specify quantity and price.
The system allocates units to the highest bids.
Partial allocations are calculated automatically.
Quantity-based bidding system
Automated allocation logic
Multi-unit lot management
Tranparent clearing process
Controlled participant access
Secure bid validation
Automated allocation audit trails
Encrypted data storage
Japanese auctions gradually increase prices while participants exit once the price exceeds their limit.
The system increases the price at fixed intervals.
Participants leave the auction as the price rises.
The last active bidder wins.
Continuous price escalation
Active participant tracking
Dynamic pricing dashboard
Verified bidder registration
Secure price progression engine
Comprehensive audit logs
Oya auction also includes a structured E-Tendering system designed for procurement process requiring compliance and transparency.
Buyers upload tender documents.
Vendors submit technical and financial bids separately.
Technical evaluations occur before financial evaluation.
The platform facilitates award decisions based on defined rules.
Multi-envelope tendering
Secure document uploads
Compliance-ready evaluation workflows
Time locked bid opening
End to end encryption
Digital integrity reporting
Pole auctions support structured decision-making or price discovery through controlled participations.
Set pole parameters and options.
Participants cast votes through the system.
Results are automatically compiled based on predefined rules.
Flexible voting logic
Anonymous or authenticated voting
Real-time results dashboard
Secure vote authentication
Duplicate vote prevention
Encrypted vote storage
Everything you need to learn about OYA to choose the best Online Auction Platform