Economy

ONDC processed 16 million transactions in March

New network participants have onboarded across sectors such as grocery, food and beverages, logistics, financial services and MSMEs in the March quarter. | Photo Credit: SvetaZi The Open Network for Digital Commerce (ONDC) processed 16 million transactions in March up about 10 per cent compared to 14.6 million transactions in February. Overall the Network crossed […]

Economy

ONDC MD & CEO T Koshy steps down

The Open Network Digital Corporation (ONDC) MD & CEO T Koshy has stepped down from his position. The leadership responsibilities for the Network, which is an initiative of the Centre, have now been transitioned to an executive committee. “As with any dynamic and evolving organisation, a leadership change is currently underway. Koshy has expressed his […]

Economy

ONDC crosses 200 million transaction mark

The Open Network for Digital Commerce (ONDC) on Monday said that it has officially crossed the 200 million transaction mark as it aims to be a game-changer in India’s digital commerce landscape. The Network said that it had taken about 20 months from January 2023-August 2024, for it to achieve the first 100 million transactions. […]

Economy

TEAM initiative with budget of ₹277 crore launched to help 5 lakh businesses join ONDC Network

The Ministry of Micro, Small, and Medium Enterprises (MoMSME), in partnership with the Open Network for Digital Commerce (ONDC), has announced the launch of an initiative to enable small and micro enterprises to join ONDC. The initiative with a budget of ₹277.35 crore over three years will focus on onboarding 5 lakh micro and small […]

Restaurants to tap ONDC to take on Zomato, Swiggy

MUMBAI: Restaurants have a plan to take on food delivery giants Zomato and Swiggy who they claim are eating into their business by launching private label food — they will tap govt-backed ONDC (open network for digital commerce) to deliver food to customers. The groundwork has started and the modalities for easy on-boarding of restaurants […]