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What is ONDC ?
Latest Updates on ONDC
Non-compliance may result in a penalty
Plans to add 5,000 more restaurants to its network in three months; Besides tech integration on ONDC, the firm will also be fulfilling all backend logistics related to ordering and delivery
Says network needs a certain number of people before it is taken to the public; fashion, home & kitchen, electronics, beauty & personal care categoroes likely to go live in next 4-8 weeks
From being the 'office to the world', India is set to become its factory too
Goyal said, The ONDC has that ability to transform the e-commerce sector not only in India, but also in the whole world
India's e-retail market rose to approximately $40 billion in 2021 and is slated to reach $50 billion in 2022
UPI has revolutionised payments. ONDC can do the same for MSMEs, and take e-commerce's share to 25 per cent of all commerce by 2024
Govt-owned network starts in Bengaluru with online grocery, restaurant orders
Govt wants this in place to build trust before making network available to public
Microsoft on Tuesday onboarded governments open network for digital commerce (ONDC), with an aim to introduce social e-eommerce via its app in the Indian market.
Platforms that have already integrated with ONDC's network include PayTM, Digiit, eSamudaay, Go Frugal, Growth Falcons, Seller App, Dunzo and Loadshare
The network first began its pilot on April 29 in Delhi, Bengaluru, Coimbatore, Bhopal and Shillong
The development comes in the backdrop of the small-scale implementation of ONDC over the last two months
The open network concept will not be restricted to the retail sector but will extend to mobility, food delivery, travel, among others
UPI equivalent for e-commerce will help create a robust playbook