ONDC NEWS

Hyderabad gets own homegrown ride-hailing app Yaary on ONDC

Yaary app on the ONDC network works like Bengaluru’s Namma Yatri and will not charge commission from drivers

ONDC provides huge growth opportunities for financial services, manufacturing, e-commerce, agri sectors: Deloitte

The government's initiative ONDC is providing a huge platform for growth of four key sectors, including financial services, agriculture, manufacturing, and e-commerce retail, a Deloitte report said on Thursday. The Open Network for Digital Commerce (ONDC) is an initiative of the commerce and industry ministry to create a facilitative model to help small retailers take advantage of digital commerce.

Laptop can be a quite potent source of leakage: Piyush Goyal on laptop import restriction

"Here is an issue, which is a serious security matter. Even Tesla car is not allowed anywhere near where Xi Jinping (President of China) is present. Because they're very conscious of the risks of security, even for a car being present in the vicinity of the premier of China. India also has to protect ourselves from countries who are antagonistic to India," Piyush Goyal said.

Large companies may corner big share of business on ONDC: Bernstein

Customer acquisition costs will be lower for such apps, and fintech companies can also present direct interventions such as lending to customers to keep them engaged on the platform, the research firm said.

ONDC, Kerala govt sign agreement for better market access to PSU products

Nine public sector units (PSUs) have already onboarded around 200 products on ONDC. The signing was attended by two senior State ministers and most senior members of the State bureaucracy.

Farm to Fork: How ONDC is giving nationwide visibility to FPOs

The ONDC recently made news over competition it posed to Zomato and Swiggy and the flurry of new users signing up to the year-old platform. Now the network is looking to bring the fringe to the centre—a small beginning has been made by onboarding as many as 597 FPOs with 601 products.

Govt to certify ‘permissible’ games for now; crypto transfers to wallets on radar

There are many types of online real money games, and the government has not banned all of them, only those that involve wagering, Rajeev Chandrasekhar, minister of state for electronics and IT (MeitY), told ET. This and more in today’s ETtech Top 5.

ONDC to launch revised incentive structure from June 1

Under the new scheme, the maximum discount that can be offered per order has been limited to Rs 100, compared to Rs 125 earlier. Further, the discount will only be offered to users whose order value is more than Rs 200 in the case of food orders, and Rs 300 in the case of other products.

ONDC: SignCatch and Rapidor execute first B2B transaction

The firm licences its Platform-as-a-Service (PaaS) solutions to brands, distributors, retailers and Rapidor, a platform enabling B2B trade and transactions in closed loop networks.

Google sets billing option deadline; Flipkart head of new biz Adarsh Menon quits

Despite an ongoing legal tussle with startup body Alliance of Digital India Foundation, Google has asked Indian app developers to adopt one of its three billing options, failing which it warned that apps may be removed from the Play Store. This and more in today’s ETtech Top 5

ONDC may not match Zomato-Swiggy scale: Jefferies; Twitter set to get new CEO

The government-backed ONDC may be many things, but as things stand, it cannot match the benefits of scale food delivery majors Zomato and Swiggy bring to the table, brokerage firm Jefferies has said.

Valuation markdowns hit Pine Labs, PharmEasy; Paytm’s boost to ONDC; and Netflix India under tax net

Continuing with the trend of valuation markdowns at large tech companies, fintech firm Pine Labs and online pharmacy PharmEasy became the latest to join the growing list. This and more in today’s ETtech Morning Dispatch.

Ola’s valuation slashed 35% to $4.8 billion; ONDC caps incentives for sellers, discounts may reduce

Late-stage startups in India are hit by valuation markdowns, a trend which unfolds during all downcycles in technology. After Byju’s, Swiggy, and Oyo, ride-hailing firm Ola is the latest to see its valuation being cut to $4.8 billion .

Snags hit ecommerce orders on ONDC; IT firms hire more women in FY23

Government-backed Open Network for Digital Commerce (ONDC) is set for rough weather ahead as the platform faces roadblocks while scaling. This and more in ETtech’s Morning Dispatch.

ONDC vs Zomato, Swiggy; WestBridge closes in on Milky Mist funding

Happy Monday. We are kicking off the week with a packed edition of ETtech Morning Dispatch. You can’t have missed all those social media posts talking about the government-backed Open Network for Digital Commerce (ONDC) over the last few days. ONDC is looking to challenge food-delivery biggies Swiggy and Zomato through a price war. We have details on what’s going on.

New Delhi is planning to take on Ola, Uber with an ONDC twist

The government launched the Open Network for Digital Commerce (ONDC) last year to enable small merchants and local stores across the country to access processes and technologies typically deployed by large e-commerce platforms like Amazon and Walmart. ONDC is in talks with more companies in the sector across several cities to bring them on board over the next few months

ONDC will help small retail survive onslaught of large tech-based e-com firms: Piyush Goyal

ONDC is an initiative of the ministry to help small retailers expand their business and reduce the dominance of e-commerce giants. It aims to build an open, interoperable network on which buyers and sellers can transact without needing to be present on the same platform.

ONDC is actively engaging with brands, says DIF head Arvind Gupta

A Publicis Groupe’s report on ONDC said more than two million retailers will be enabled with ecommerce, over 250 million buyers will be able to purchase goods and services, and the platform will enable 75% pin code coverage across India

ONDC evaluating solutions to add more regional languages

In June, Minister of Commerce and Industry Piyush Goyal had also said ONDC should be made available in regional languages.

Tiger Global nearly halves Zomato stake; key takeaways from Premiere of ET Soonicorns Summit

A day after Uber sold its entire 7.8% stake in Zomato for a reported $392 million comes news that another in the food delivery company has been offloading shares in chunks since the lock-in period for pre-IPO investors expired on July 23.

What is ONDC? How can it change the way e-commerce works in India?

Government will soon roll out ONDC to the public after testing in select cities

These are locations where ONDC has started doing live transactions, albeit with invited users. It is not open to the public yet.

Snapdeal's launch on ONDC next month to cover more than 2,500 cities and towns

At the time of launch, more than 2,500 cities and towns across the country will be enabled for access and more cities and towns will be added as per ONDC network expansion during the year.