T Koshy

Jain, who was part of the eight-member interim Executive Committee, will now take over full executive powers. The committee, formed last month to ensure business continuity after the exit of MD and CEO T Koshy, has now been dissolved.

Inside ONDC’s financial services game plan over next 18 months

The network is set to roll out full-suite of B2B and B2C financial services including insurance, mutual funds and credit cards; and some unique ones like crop yield financing and cow financing.

ONDC enters financial services market with working capital loans

ONDC also plans to introduce GST invoice financing loans by the end of September. A lineup of other products is also in development, including purchase financing for individuals and sole proprietors, as well as working capital lines for partnerships and private limited companies.

Paytm to acquire ONDC startup Bitsila amid payments bank crisis

Bengaluru-based Bitsila is currently the third largest seller side platform by transactions on the Open Network for Digital Commerce, sources said. The deal is in advanced stages and will likely close in the coming week, according to two people in the know

Namma Yatri goes live in Delhi via ONDC; says per trip cost has dropped 96%

A Namma Yatri ride used to cost the company Rs 219.5 in January 2023 which fell to Rs 8.6 by December

Inspiring, comprehensive, statesman-like: India Inc on PM Modi’s interview with Moneycontrol

Displaying the sheer depth and breadth of his knowledge, the PM talked about how different countries need to work together to combat inflation, the damage caused by fiscally irresponsible policies, how climate change is a shared global reality, the power of digital technology, and much more.

ONDC sees orders from 620 cities, plans to double down on Tier 2 and 3 geographies

At least 24 cities have seen more than 100 orders twice in a week in the last few months

Expect ONDC to hit 200,000 transactions a day by year-end: T Koshy

Koshy also said that ONDC is working to bring financial products to the network, and this is expected to happen in the next couple of months.

ONDC expands beta testing to five more cities

With the beta testing expansion, the network will go live in Mumbai, Delhi, Chennai, Hyderabad, and Kolkata.

ONDC announces launch of B2B commerce; network players asked to pursue 'profit through volumes'

During the testing phase, two network participants, Rapidor and Signcatch, processed around 160 B2B transactions on ONDC in the last one week.

ONDC’s challenge is onboarding stakeholders, expanding the market: T Koshy, CEO

ONDC is working towards digitizing and supporting grassroots-level entrepreneurs and local retailers, and making them a beneficiary of India's e-commerce revolution.

ONDC wants platforms like Amazon, Flipkart, to join both seller and buyer sides of network

ONDC's CEO T Koshy said that the discounts they are providing small incentives to the merchants to bring their catalog online as it's a cost for them. "We are trying to make good of those costs for six months to nine months, then by the time it would build up its own momentum," he said.

PhonePe launches new app Pincode on ONDC to strengthen its e-commerce play

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

ONDC's target is to have a capitalist in every town, says CEO T Koshy

Open Network for Digital Commerce is not taking anybody’s market but is collectively attacking a larger market. Large e-commerce companies cannot claim their superiority over other companies, Koshy says.

Live: ONDC | When will you be able to access the network from your smartphone? CEO T Koshy answers

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.