AMAZON ONDC
Reinventing the pond: How this Bengal start-up is helping fish farmers battle climate and credit crisis
At a time when climate change is impacting world resources, including the aquatic system, Jalpaiguri’s Essential Aquatech is working to empower smallholder fish farmers by turning data into actionable insights and measures.
Be agent provocateur: India's internet needs an AI makeover
As India's digital ecosystem experiences rapid transformation, it is imperative to enhance support for the growing presence of AI agents in business and services. By tackling the obstacles within the navigational framework, costs for these agents can be significantly lowered. Revamping e-commerce catalogs and improving data availability will optimize purchase processes.
ONDC partners list hits and misses as it wraps up second year of operations
ONDC, two years in, faces mixed reactions: some praise its potential to democratise ecommerce, while others cite slow growth, low orders, and challenges in scaling, particularly outside food and beverage categories, despite government backing and minimal advertising.
ONDC corners 3% order volumes of Swiggy, Zomato: sources
As per sources, ONDC facilitates 60,000 orders per day in the food domain, capturing 3% of the total order volumes managed by Swiggy and Zomato across India individually who receive 20 lakh orders each. Its total order volumes touched around 4 lakh orders in a day which includes mobility bookings as well.
ONDC to touch 10 million transactions in June: official
Shireesh Joshi, ONDC's president said the company will touch 10 million transactions in June. " We are growing strong, adding about one million transactions month-on-month," he added. Joshi expressed hope that ONDC will surpass major ecommerce players like Flipkart and Amazon in future.
From phones to fries: Flipkart users may soon be able to order food via ONDC
Flipkart users may soon be able to order from various fast-food outlets and restaurants, such as Dominos and McDonalds, from Flipkart app. This development is noteworthy because the government started ONDC to counter the dominance of Amazon and Flipkart. Recently several top Flipkart executives met ONDC officials for the integration.
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ONDC’s first buyer side logistics app to fix a big gripe
MP2 Innovations, led by Mahesh Herle, enhances ONDC by providing a seamless logistics solution for ecommerce players, aiming to address operational challenges and improve delivery experience. Integration with major ecommerce platforms is crucial for ONDC's growth.
Government push to help ONDC get shopfront on ecommerce sites
The Centre has asked Amazon and Flipkart to set up Open Network for Digital Commerce (ONDC) storefronts on their home pages to help the government-backed network scale up operations and assist with deliveries, said executives aware of the development. The aim is to boost operations and order efficiencies as well as iron out glitches and delays on ONDC, they said.
ONDC must address liability issue: Consumers Affairs Secretary
ONDC is an initiative of the Commerce and Industry Ministry to create a facilitative model to help small retailers take advantage of digital commerce.
ONDC logs slow ecommerce uptake, snags may hit expansion
Electronics, fashion items, smartphones and others are considered broadly the key drivers of online sales across marketplaces. While ONDC, as a network, has scaled to about 20,000 daily orders from around 1,000 in March, 97-98% of the orders have been for hyperlocal deliveries of food and grocery.
ONDC has potential to dilute market concentration
Platform fees for food delivery using ONDC are being reported at a fifth of those charged by the market leaders. This is a considerable reduction in the cost of intermediation. This also holds out the potential to break the dominance of Swiggy and Zomato, and eventually even that of retail platforms like Amazon and Flipkart.
RIL, Delhivery and Indiamart: How ONDC may impact these 3 stocks
In the medium term, the impact of ONDC could be negative for Indiamart if ONDC's B2B operations gain traction. It could directly compete with IndiaMart.
SaaS firm Plotch to bring 10,000 small sellers on ONDC
The company has recently facilitated the launch of e-commerce major Meesho and IDFC First bank on the ONDC platform through its full-stack SaaS solution.
Amazon to integrate its last-mile delivery infra with ONDC
Amazon has over 11 lakh sellers with more than 50% from tier 2 cities. The company also plans to digitise one crore small businesses by 2025 and deliver across 100% of serviceable pin codes.
Amazon to integrate services with ONDC; cricketer Deepak Chahar, wife Jaya float fantasy sports app
Amazon said the move aims to provide greater technology support to the seller community and further empower small businesses.
Amazon commits to joining ONDC with its Logistics & SmartCommerce offerings
SmartCommerce is an AWS-powered suite of SaaS products that enables MSMEs in India to build and scale their business across digital mediums and will have enablers for onboarding to the ONDC network.
Govt launches ONDC, an alternative to Flipkart & Amazon, in Bengaluru
Consumers in Bengaluru can now shop from multiple categories of products and services from a single buyer application of their choice. To begin with, consumers can place their orders in two domains - groceries and restaurants - through any buyer apps participating on the ONDC network. Currently, Mystore, PayTM, and Spicemoney are available as buyer apps on ONDC.
ONDC to publish dispute resolution draft
Open Network for Digital Commerce will seek stakeholder feedback on framework in 2 weeks.
Onboarding Flipkart, Amazon may provide ONDC scale and credibility: report
Onboarding some of the larger incumbents early might actually provide ONDC the much-needed scale as well as credibility with buyers and sellers, it said.
Yes Bank partners with SellerApp to facilitate adoption of ONDC
ONDC, led by Koshy, is onboarding partners on both buyer and seller side as it had announced plans to be in 75 cities this month and expand into categories like electronics, fashion and others.
Logistics startup Grab.in integrates with government’s ONDC
While Reliance Retail-backed Dunzo is already on the ONDC as one of the logistics partners, Grab's entry marks Reliance's formal entry into the much-hyped network, pitched as a disruptor to break the dominance of ecommerce companies Amazon India and Walmart-owned Flipkart by bringing unorganised retailers online.
SoftBank, Sequoia, other VCs push ONDC to portfolio firms
The Indian Venture Capital Association (IVCA) also recently held a meeting with the ONDC team to understand how various startups could collaborate on the network.
Govt’s open ecommerce network not as easy to execute as UPI: Jefferies
Equity research firm Jefferies said in a recent report that compared to ONDC, the issues that the digital payments railroad, Unified Payments Interface (UPI), had faced were simpler.
Open Network for Digital Commerce a fascinating idea; excited about prospects: Amazon India exec
Market watchers say that the existing etailing platforms work independently and operate with tight controls, leaving out many small players from the equation.
ONDC should be made available in regional languages: Piyush Goyal
ONDC CEO Thampy Koshy says over 150 entities have signed up on the network to integrate their apps.
ETtech Explainer | ONDC: India's bid to break ecommerce monopolies
The network, which aims to democratise ecommerce by putting more kiranas and unorganised retailers online, was launched as a test in Bengaluru and four other cities, with plans to expand to 100 locations across the country by August.
India lines up banks, others for e-commerce scheme to take on Amazon, Walmart
Indian e-commerce was worth more than $55 billion in gross merchandise value in 2021 and will grow to $350 billion by the end of this decade, according to government estimates. Amazon and Flipkart control more than 60% of that market, which now accounts for about 8% of consumer purchases in a country of 1.35 billion people.
Alibaba, Ant Group exit Paytm Mall as company announces pivot to ONDC
This move enables the company to create a long-term sustainable business in partnership with ONDC, which aims to democratize the purchase and sale of goods in the Indian market, driving transparency and digital independence for small businesses in the country.
Flipkart, RIL, Amazon may join India’s open ecommerce network ONDC
Logistics providers Ekart, Dunzo sign up on network; PhonePe in final stages of integration
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