It started with a conversation. A procurement director at an electronics company in Delhi told us about a batch of 4,000 units — last year's smartphone model. His broker offered ₹180 per unit. His landed cost was ₹820 per unit. He had no real alternative. He took the deal.
That was a ₹25 lakh loss. On one SKU. In one quarter. And it happened every season.
We heard versions of this story from almost every procurement manager we spoke to across India. The broker model is built on information asymmetry — brokers know what your inventory is worth on the open market, and you don't. That gap is their profit margin, at your expense.
We built racklots.com to change that. A marketplace where buyers compete for your inventory. Where you see real market pricing in real time. Where deals close in 48 hours. Where every transaction is GST-compliant and fully documented.
No brokers. No opacity. No weeks of waiting. Just direct connections between verified Indian businesses.