NRAI's loss could turn out to be Rapido's gain, as the mobility platform charts plans to launch food delivery
A mix of factors — lack of clear differentiation, poor user experience, shrinking incentives, and mounting pressure from quick commerce rivals — has stalled ONDC’s retail momentum, according to several industry stakeholders who spoke to Moneycontrol.
While ONDC's grocery orders remained relatively flat at 8 lakh in February, categories like Fashion and F&B saw a 21 percent and 10 percent month-on-month decline respectively.
A new version of the ONDC specs and network agreements is in the works to improve order tracking, provide more order fulfillment options, such as in-store pick-up for customers, and automate the grievance redressal process to a greater extent.
Government-backed Open Network for Digital Commerce (ONDC) is expected to shake up food delivery in India. The number of transactions on the network have already reached over 10,000 orders per day. Is it game over for Swiggy and Zomato?
Co-founder and chief executive officer Anshoo Sharma says ONDC could be an inflection point for the hyperlocal commerce platform
With ONDC, the government hopes to increase e-commerce penetration in the country to 25 percent in the next two years
Razorpay is the second large fintech startup that has joined the ONDC this month, after Walmart-owned PhonePe went live on the open network in April. Noida-based Paytm was among the first few companies that went live on the ONDC.
Axis has already designed the platform and will be launching it as a part of its e-commerce segment called Grab Deals. The platform will initially have only groceries, but will soon expand to other segments.
PhonePe currently operates in the e-commerce space with 'Switch' and has various services that are similar to its biggest rival Paytm. An ONDC foray will further put PhonePe in direct competition with Paytm, which already has an ONDC platform integrated with its application
The government is running a pilot of ONDC where all e-commerce ecosystem players will facilitate online purchase of goods and services at competitive prices, thereby reducing cost burden on sellers and consumers.
Open Network for Digital Commerce (ONDC) has floated a consultation paper to seek views on steps it is taking to build trust so that more and more participants take advantage of the fast-growing e-commerce sector.
Koshy in an interaction talks about the challenges that lie ahead for the open network, and onboarding sellers and buyers on the platform.
In this exclusive interview, Open Network for Digital Commerce CEO and MD T Koshy answers when the network could be available in your city, why it’ll be a game-changer in the e-commerce space and why it’ll be inevitable for e-commerce giants to join it, thus enabling the consumer to have all apps on one single network.
The government is working on an exciting project—the Open Network For Digital Commerce, or ONDC. In a nutshell, you'll have one platform that connects all e-commerce websites, apps and services. The aim is to counter the dominance of current e-commerce giants like Amazon, Flipkart, Zomato, Swiggy, Ola and Uber. With ONDC, the government hopes to bring smaller retailers at par with them. A pilot has already been rolled out. So, how will ONDC work? Watch this video to find out
The views assume significance as the government in April this year launched the pilot phase of India’s own open network for digital commerce or ONDC, a UPI-type protocol, in five cities, with the ambitious project geared to democratise the fast-growing e-commerce sector, help small retailers and reduce the dominance of online retail giants.
Alphabet Inc's Google is in talks with the Indian government to integrate its shopping services with the country's open e-commerce network ONDC, two sources familiar with the matter told Reuters.
Pitched as the UPI of e-commerce, Open Network for Digital Commerce is a freely accessible government-backed platform that aims to democratise e-commerce by moving it from a platform-centric model to an open network
The Open Network for Digital Commerce (ONDC) is an initiative of the government to promote an open platform for all aspects of the exchange of goods and services through electronic networks.
ONDC was incorporated in India on December 30, 2021 and is into creating an open public digital infrastructure to develop and transform the Indian digital commerce ecosystem for both goods and services.
ONDC will make it easier for smaller players to get on the platform without paying a big cut to the e-commerce platform and also choose a logistics player and a payment partner from several available on the platform