weather_iconDublin | 10.89 °C | AQI 9
Saturday, 23 November, 2024

---Advertisement---

Business

What is ONDC? UPI-like open network for e-commerce completes 1 year in Bengaluru, expands to 240 cities

New Delhi: After the success of UPI (Unified Payments Interface), the Government of India is aiming at another initiative, ONDC (Open Network for Digital Commerce), an additional digital revolution for the e-commerce space. The Central Government is looking to complete this initiative as soon as possible, as it will not only be a platform for […]

piyush goyal

New Delhi: After the success of UPI (Unified Payments Interface), the Government of India is aiming at another initiative, ONDC (Open Network for Digital Commerce), an additional digital revolution for the e-commerce space.

The Central Government is looking to complete this initiative as soon as possible, as it will not only be a platform for all the buyers and sellers to come together to engage in a wide range of goods and services but also to put an end to monopolistic environments.

---Advertisement---

Imagine a place having apps for all kinds of needs in one place like- Amazon, Flipkart, Ola, Uber even Zomato and Swiggy. A consumer will not have to juggle between apps, as the platform will prove to be a time-efficient space.

The Ministry of Commerce is spearheading this initiative which is a first-of-its-kind initiative aiming to democratise digital commerce. One can open a shop for all the amenities one can avail, even if it includes consumers’ local Kirana shop.

---Advertisement---

“As UPI is to the digital payment domain, ONDC is to e-commerce in India,” the Ministry said in a release.

Read More :-NATIONAL MANUFACTURING INNOVATION SURVEY RANKINGS: KARNATAKA MOST INNOVATIVE, WHILE BIHAR STANDS LOW

Starting Phase

In April 2022, the big platform was launched in 5 cities- Bengaluru, Delhi NCR, Shillong, Bhopal and Coimbatore and has been expanding since to more than 240 cities in the alpha stage.

As per Thampy Koshy, Chief Executive, ONDC said that around 40% of the retail orders originate from Bengaluru, while others arise from cities like Mumbai, Delhi NCR, Kolkata, Meerut and Pune.

The CEO also shared about ONDC operating with 95 farmer-producer organisations with the support of the Small Farmers’ Agri-Business Consortium (SFAC) and National Bank for Agriculture and Rural Development while more than 400 await in the process of onboarding. Now, the consumer can directly buy pure agricultural products from the sources.

Read More :-AIR INDIA, VISTARA ENTER INTO BILATERAL INTERLINE PARTNERSHIP

Some sellers that are live on the platform are Alpino, Bitisila, Bizom, BoAt, Delhivery and Digit along with some logistics service providers like Dunzo, eKart, grab, Loadshare, Shadowfax and Shiprocket.

Read More :- Latest Business News

HISTORY

Written By

Prateek Gautam

Updated By

Manish Shukla


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Jharkhand, Maharashtra Assembly Election Results 2024 LIVE: ‘It’s Phenomenal!’ Fadnavis’s Wife Reacts To His MASSIVE Landslide Victory

Nov 23, 2024
Jharkhand, Maharashtra Assembly Election Results 2024 Reactions LIVE: Who Said What?
  • 15:27 (IST) 23 Nov 2024

    Maharashtra Assembly Election 2024: Fadnavis's Wife Amruta Fadnavis Said, 'It Is Phenomenal...'

  • 15:04 (IST) 23 Nov 2024

    Jharkhand Assembly Election 2024: 'We Are Going To Form The Government With Confidence Once Again', Said Former Jharkhand Congress President Rajesh Thakur

  • 15:00 (IST) 23 Nov 2024

    Maharashtra Assembly Election 2024: Dhananjay Munde Leading Over NCP-SCP's Rajesaheb Shrikishan Deshmukh By A Margin Of 88,659 Votes, Said 'Mahayuti Will Register A Clean Sweep In Maharahstra'

N24 Shorts Logo

SHORTS

PM Narendra Modi with Eknath Shinde
Beyond News

A Shift Towards BJP's Aggressive Hindutva Amid Opposition's Leadership Crisis

The Maharashtra election may further push the Congress down as it has lost the election at a time when it needed a win most desperately. Though the Congress succeeded in pushing the BJP to a corner and stopping it at less than a majority on its own, it failed to make any headway further.

View All Shorts

---Advertisement---

Trending