What is ONDC, India’s project for an open e-commerce network?
2 years, 6 months ago

What is ONDC, India’s project for an open e-commerce network?

Live Mint  

- India's government in April launched its Open Network For Digital Commerce as a prospective alternative to dominant global giants Amazon.com and Walmart in its fast-growing e-commerce market. ONDC aims to raise e-commerce penetration in the next two years to 25% of India's consumer purchases, from nearly 8% now, in a country of 1.35 billion people. It also hopes to sign up 900 million buyers and 1.2 million sellers on the shared network within the next five years, while achieving gross merchandise value of $48 billion. ONDC officials liken the network to a mall with 1,000 gates instead of just two, thereby limiting opportunities for selected sellers to receive preferential treatment - a common accusation against major e-commerce companies.

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History of this topic

ONDC encouraging ride-hailing apps to increase penetration beyond metro cities: MD and CEO T. Koshy
1 week, 1 day ago

ONDC encouraging ride-hailing apps to increase penetration beyond metro cities: MD and CEO T. Koshy

Live Mint  

The Open Network for Digital Commerce is working with existing network participants as well as interested apps to increase penetration in tier-II and tier-III markets, thereby enabling a truly democratised mobility ecosystem, T. Koshy, the managing director and chief executive officer of the body, said during a media discussion on Monday. While innovation and methods to expand serviceability lies in …

Cross-border trades to be a game-changer for ONDC: CEO T Koshy
11 months, 2 weeks ago

Cross-border trades to be a game-changer for ONDC: CEO T Koshy

Live Mint  

The government’s Open Network For Digital Commerce, a decentralised protocol for e-commerce, mobility and other online platforms, recently conducted its first international transaction with a Singapore-based business-to-business network, Proxtera. ONDC’s chief executive T Koshy expects cross-border transactions on the network to continue growing rapidly, enabling merchants to make their products available globally, boosting exports. The ONDC network protocol operates without …

DC Edit | E-com policy initiative welcome
1 year, 4 months ago

DC Edit | E-com policy initiative welcome

Deccan Chronicle  

The Union government’s decision to finalise the long overdue national e-commerce policy is a welcome move, which will guide one of the fast-growing sectors of the Indian economy. By offering huge discounts, the e-commerce sector has gradually transformed from a $14-billion market in 2014 to $70-billion in 2022 — a growth of five times affecting fortunes of hundreds of brick-and-mortar …

Why ONDC can’t be a UPI of e-commerce? All you need to know
1 year, 6 months ago

Why ONDC can’t be a UPI of e-commerce? All you need to know

Live Mint  

By now you must have checked out ONDC if you often order food at home. While the core concept behind ONDC is to replace the platform-centric e-commerce from an open network, it will complement the existing e-comm platforms if they become part of it. The difference between the key categories for ONDC and Meesho has turned out to be a …

Ahead of ONDC, PayNearby launches meta commerce platform
1 year, 7 months ago

Ahead of ONDC, PayNearby launches meta commerce platform

Live Mint  

Ahead of the national rollout of the Open Network for Digital Commerce, leading branchless banking and digital network PayNearby has launched a meta commerce platform to enable easy availability of goods and services in an assisted mode at the last mile. It seeks to empower retailers and sellers, from big merchants to local sellers as well as small businesses meet …

Food delivery platform ONDC offers food cheaper than Swiggy, Zomato
1 year, 7 months ago

Food delivery platform ONDC offers food cheaper than Swiggy, Zomato

Live Mint  

With food delivery tech platforms Zomato and Swiggy competing with each other, a new platform, built by the Indian government, is emerging to be a tough competitor. Open Network for Digital Commerce allows the restaurants sell food directly to consumers, without the need of a third party. Though the food delivery tech platform has been around since September 2022, it …

E-commerce surge: India to add 80 million online shoppers by 2025
1 year, 8 months ago

E-commerce surge: India to add 80 million online shoppers by 2025

Live Mint  

New Delhi: India has gained 125 million online shoppers in the past three years, with another 80 million expected to join by 2025, according to a report by marketing data and analytics company Kantar. The increasing online presence is expected to boost e-commerce sales, as 77 million shoppers purchased from social platforms such as Facebook, WhatsApp and social-commerce sites in …

Amazon to join India’s ONDC network
1 year, 10 months ago

Amazon to join India’s ONDC network

Live Mint  

New Delhi: E-commerce giant Amazon announced Friday that it will join the Indian government’s ONDC platform, and as part of its initial collaboration will integrate its Smart Commerce and logistics services with the ONDC network. Amazon logistics services include pickup and delivery, while Smart Commerce is a suite of SaaS products hosted on AWS that can assist MSMEs build and …

Amazon beats a retreat as India’s ONDC broadens its horizons
2 years ago

Amazon beats a retreat as India’s ONDC broadens its horizons

The Hindu  

Amazon is reworking its plans. In January 2020, at a conference in New Delhi, then Amazon CEO Jeff Bezos, and head of Amazon India, Amit Agarwal, said the retail giant will pump in a billion dollars to help the country’s small and medium-sized businesses. Amazon’s shift in investment and retreat from wholesale distribution comes at a time when India’s own …

After Paytm, Meesho joins ONDC to connect buyers with hyperlocal sellers
2 years, 1 month ago

After Paytm, Meesho joins ONDC to connect buyers with hyperlocal sellers

Live Mint  

E-commerce platform Meesho on Wednesday said it has joined the state-run Open Network for Digital Commerce to help connect buyers with hyperlocal sellers. We have been working closely with ONDC to ensure that the integration is smooth and the user experience remains seamless," Meesho Founder and CEO Vidit Aatrey said in a statement. E-commerce is still small in India and …

India may soon have single e-commerce platform
2 years, 1 month ago

India may soon have single e-commerce platform

The Hindu  

India may soon have a single e-commerce platform that will bring together buyers, sellers, logistics players, and payment facilitators, empowering consumers with a wide array of products, vendors, and price options. Speaking on the occasion, Piyush Goyal, Union Minister for Commerce and Industry, said this open network would have the ability to transform e-commerce not only in India, but also …

The promise of ONDC and the challenges it will face
2 years, 3 months ago

The promise of ONDC and the challenges it will face

Live Mint  

In the first half of 2016, when the Unified Payments Interface which enables real-time payment or transfer of funds between banks was launched, a black swan event in the form of demonetisation in November that year provided the major ballast that was required for digital payments to take off in India. What was touted as the WhatsApp moment for India …

What is ONDC? Benefits and challenges explained
2 years, 4 months ago

What is ONDC? Benefits and challenges explained

Live Mint  

Open Network for Digital Commerce or ONDC is a community-led network that aims to create an open, inclusive and competitive marketplace. Equity research firm Jefferies said in a recent report that compared to the Unified Payments Interface, ONDC is complex. ONDC is in advanced discussions with over 80 companies for integration including Paytm, Dunzo, PhonePe, Go Frugal, Growth Falcons and …

ONDC is the disruption Indian commerce needs
2 years, 5 months ago

ONDC is the disruption Indian commerce needs

Live Mint  

Favourable stories from Indian cities currently seeing a pilot run of the Open Network for Digital Commerce have started trickling in. Thus, as argued by Nandan Nilekani and V. Anantha Nageswaran in their article, ‘Open Network for Ecommerce: It’s an Idea Whose Time Has Come’, ONDC envisions “equal opportunity participation". This could be done by firms like Mensa and Upscalio, …

What will it Take for ONDC to be as Successful as UPI?
2 years, 5 months ago

What will it Take for ONDC to be as Successful as UPI?

News 18  

One of the most outstanding catalysts behind India’s digital revolution has been UPI, projected to cross the Rs 100 trillion mark soon. Often visualised as a separate “competitor” platform, most media seem to suggest that ONDC aims to go into a direct confrontation with big e-commerce platforms. These charges are creating the weakness in the market that ONDC is supposed …

ONDC: Why is govt betting big and how it will democratise India's e-commerce landscape
2 years, 5 months ago

ONDC: Why is govt betting big and how it will democratise India's e-commerce landscape

India TV News  

With an aim to digitise the value chain, standardise operations, promote inclusion of suppliers and enhance value for consumers, the government recently launched an initiative -- Open Network for Digital Commerce. This platform intends to create opportunities, reduce digital monopolies and help MSME and small traders get on digital platforms where businesses and consumers will be capable of carrying out …

ONDC Can Become Next UPI, Says IT Minister Ashwini Vaishnaw
2 years, 5 months ago

ONDC Can Become Next UPI, Says IT Minister Ashwini Vaishnaw

News 18  

Union IT minister Ashwini Vaishnaw on Tuesday exuded confidence that Open Network for Digital Commerce can become the next UPI, one of India’s most successful digital products. Just look how you can leverage it for your business,” said Vaishnaw in his address after inaugurating the ‘National Startup Conference’ at Mahatma Mandir convention centre here as part of the Digital India …

Bihar lags and Gujarat tops again in ranking for startups
2 years, 5 months ago

Bihar lags and Gujarat tops again in ranking for startups

Live Mint  

Bihar and Ladakh continued to perform poorly, while Gujarat and Karnataka topped in an index that ranks states and Union Territories on their ecosystems for new startups, said the department for the promotion of industry and internal trade. Kerala, Maharashtra, Odisha and Telangana were adjudged “top performers” because of initiatives taken to develop startup ecosystems for promoting entrepreneurs, while Jammu …

What is ONDC, India’s project for an open e-commerce network?
2 years, 6 months ago

What is ONDC, India’s project for an open e-commerce network?

Live Mint  

- India's government in April launched its Open Network For Digital Commerce as a prospective alternative to dominant global giants Amazon.com and Walmart in its fast-growing e-commerce market. ONDC aims to raise e-commerce penetration in the next two years to 25% of India's consumer purchases, from nearly 8% now, in a country of 1.35 billion people. It also hopes to …

What is ONDC, India’s project for an open e-commerce network?
2 years, 6 months ago

What is ONDC, India’s project for an open e-commerce network?

Live Mint  

India's government in April launched its Open Network For Digital Commerce as a prospective alternative to dominant global giants Amazon.com and Walmart in its fast-growing e-commerce market. ONDC aims to raise e-commerce penetration in the next two years to 25% of India's consumer purchases, from nearly 8% now, in a country of 1.35 billion people. It also hopes to sign …

UPI, CoWIN, ONDC: Public Digital Infrastructure Has Put India on the Fast Lane of Tech-led Growth
2 years, 6 months ago

UPI, CoWIN, ONDC: Public Digital Infrastructure Has Put India on the Fast Lane of Tech-led Growth

News 18  

“Government 2.0, then, is the use of technology – especially the collaborative technologies at the heart of Web 2.0 – to better solve collective problems at a city, state, national, and international level”, Tim O’Reilly, Chief Executive Officer of O’Reilly Media said in a paper published in 2010. This paper is considered the origination of the term “Government as a …

Google said to be in talks to join open e-commerce network ONDC
2 years, 6 months ago

Google said to be in talks to join open e-commerce network ONDC

The Hindu  

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. "We remain committed to focus on the enablement of small and medium businesses to leverage digital for deeper discovery and payments capabilities with Google Pay," the spokesperson said, referring to …

India to launch open e-commerce network to take on Amazon, Walmart
2 years, 7 months ago

India to launch open e-commerce network to take on Amazon, Walmart

Live Mint  

India will on Friday launch an open network for digital commerce as the government tries to end the dominance of U.S. companies Amazon.com and Walmart in the fast-growing e-commerce market, a government document showed. The launch of the platform comes after India's antitrust body on Thursday raided domestic sellers of Amazon and some of Walmart's Flipkart following accusations of competition …

In India, a new platform to curb the powers of Amazon, Flipkart
2 years, 7 months ago

In India, a new platform to curb the powers of Amazon, Flipkart

Al Jazeera  

Tech mogul Nandan Nilekani is is working with gov’t to build a platform to help small merchants, & rein in big players. He co-founded software powerhouse Infosys Ltd., became a billionaire and went on to spearhead a colossal government program to create biometric identification for India’s almost 1.4 billion people. The high-profile mogul is helping Prime Minister Narendra Modi build …

ONDC to help small retailers serve customers with modern ways of delivery: Piyush Goyal
2 years, 9 months ago

ONDC to help small retailers serve customers with modern ways of delivery: Piyush Goyal

The Hindu  

The Open Network for Digital Commerce will ensure that small retailers get an equal opportunity to engage with big firms, protect their businesses and serve customers with modern ways of delivery system, Commerce and Industry Minister Piyush Goyal said on March 19. India is leading the world in building digital public infrastructure, he said at an entrepreneurship summit. It will …

Gintaa, an e-commerce plus platform is aiming big on the online retailing sector
3 years, 1 month ago

Gintaa, an e-commerce plus platform is aiming big on the online retailing sector

Hindustan Times  

Gintaa- a brand of Ascon Softech India Pvt Ltd, is a new start-up aiming big on the online retailing sector set to change the dynamics of e-Commerce business. gintaa is backed by a retinue of features such as multi logistic partners apart from the India Post thereby ensuring reach to the farthest corners of the land, insured deliveries thereby providing …

ONDC: All you need to know about govt initiative challenging Amazon, Flipkart
3 years, 4 months ago

ONDC: All you need to know about govt initiative challenging Amazon, Flipkart

Hindustan Times  

The central government is moving fast on its promise of creating an open network for digital commerce, which aims to democratise digital commerce. ONDC aims at promoting open networks developed on open-sourced methodology, using open specifications and open network protocols independent of any specific platform. In simple words, the ONDC initiative aims to promote open networks for all aspects of …

India’s Biggest Worry is Jobs and e-Commerce Can Play a Key Role Here
3 years, 5 months ago

India’s Biggest Worry is Jobs and e-Commerce Can Play a Key Role Here

News 18  

E-commerce is helping India achieve a more inclusive growth by creating large-scale employment opportunities, enabling first-generation entrepreneurs, skilling youth, empowering women, and formalization and integrating MSMEs from tier-2 cities and beyond in national and global supply chains. E-commerce is motivating first-generation entrepreneurs to start and expand businesses, given the greater ease of doing business and lesser investments in online compared …

Nandan Nilekani Appointed Advisor to Govt Panel Set up to Prevent Digital Monopolies
3 years, 5 months ago

Nandan Nilekani Appointed Advisor to Govt Panel Set up to Prevent Digital Monopolies

News 18  

The government has set up a nine-member advisory council, including Nandan Nilekani from Infosys and National Health Authority CEO R S Sharma, on steps required to design and accelerate adoption of open network for digital commerce. “ONDC aims at promoting open networks developed on open sourced methodology, using open specifications and open network protocols independent of any specific platform,” it …

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