ONDC T KOSHY
Why the next AI race is about outcomes: Experts Weigh in on the future of AI
Businesses are adjusting their artificial intelligence strategies to prioritize measurable impacts and self-sufficient decision-making. The rise of agentic AI demands innovative pricing frameworks tied to delivered value and achieved results. Causal AI enhances understanding of the factors influencing outcomes and alternative pathways. Emphasizing decentralized AI innovation and interoperability is key to wider industry acceptance, while trust, privacy, and human oversight remain paramount as AI gains independence.
ONDC CEO Thampy Koshy steps down after three years; executive committee to lead network in the interim
Koshy has been MD and CEO since the network's inception in February 2022. Before the ONDC stint, he was an advisor and partner at EY for around 11 years. Koshy had also served as executive director of National Security Depository Limited (NSDL) from 1996 to 2011.
Ola to go live pan-India soon on ONDC in F&B category
Ola will soon offer food and beverages throughout India on ONDC. Uber is considering joining ONDC for transit and bus services. ONDC aims to empower drivers and boost local economies. The network's expansion could significantly impact India's digital commerce landscape. ONDC plans to implement network fees to become self-sustaining.
Insurance and mutual funds to be soon available on ONDC
The Open Network for Digital Commerce (ONDC) is launching insurance, mutual fund products, and unsecured digital loans. Partnering with MasterCard for credit card offerings, ONDC aims to provide accessible credit solutions. Since its inception, ONDC has processed over 68 million transactions, promoting financial inclusion and democratizing digital commerce in India.
Expecting 30-40 million monthly transactions by March 2025: ONDC CEO T Koshy
ONDC targets 30-40 million monthly transactions by March 2025, up from 10 million in June and 7 million in March 2024, said CEO T Koshy. At the CII event, the MSME Growth Summit discussed Digital Saksham and MSMEs' economic contributions. ONDC aims to democratize e-commerce, expecting 5-6 lakh merchants by fiscal year's end.
Magazines can offer subscriptions on ONDC
Advertising-as-a-service to start in June-July; India Post in advanced stages of integration as logistics service provider
Government launches pilot in Himachal Pradesh to onboard fair price shops on ONDC
The Department of Food and Public Distribution under the commerce ministry has launched the pilot on ONDC in Himachal Pradesh. The ONDC pilot enables consumers in remote locations to access groceries and other essential products through the platform, while also helping fair price shops to increase their utilisation and revenue from market goods
Fintech players in various stages of onboarding: ONDC’s Koshy
ONDC had published specifications and protocols for players in the financial sector (for credit, insurance and mutual funds) to onboard onto the network as buyer and seller network participants in November last year.
ONDC partners with Proxtera as first international buyer app for overseas B2B exports
Proxtera is a meta-hub that connects B2B platforms and SMEs for trade and financing. It is part of the Business sans Borders (BsB) initiative of the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA).
ONDC has completely automated grievance redressal system: CEO T Koshy
The government-promoted Open Network for Digital Commerce has a completely automated grievance redressal system and an online resolution mechanism is also being enabled, ONDC CEO T Koshy said on Tuesday. ONDC is an initiative of the commerce and industry ministry to create a facilitative model to help small retailers take advantage of digital commerce.
Mobility drives highest number of transactions on ONDC: CEO Thampy Koshy
The network has facilitated 22,000 transactions so far till March 31. While retail accounts for 16,220 transactions, mobility (excluding Namma Yatri) accounts for 5,795 transactions owing to the Kerala Open Mobility Network (KOMN).
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.
ONDC targetting 5,000 transactions a day by March-end from current 200
ONDC is seeing significant adoption, with multiple enterprises coming together. More than 18,000 merchants across product categories of groceries, food and beverages, and home decor are live on ONDC in more than 150 towns and cities.
ONDC to usher in new era in domestic ecommerce, solve global problem: T Koshy
ONDC CEO T Koshy sheds light on how the Open Network for Digital Commerce initiative aims to create a level playing field for both large and small scale businesses and solve a global digital trade problem. He also talks about how ONDC differs from existing e-commerce platforms.
ONDC to provide opportunities for innovation, growth for startups, ecommerce ecosystem players: CEO T Koshy
Ushering in an era of open-source network for digital commerce, ONDC chief Thampy Koshy lays out the blueprint for revolutionising the Indian ecommerce landscape, one where buyers and sellers enjoy equal opportunity. At ET India Rising, powered by Visa, Koshy maps out the road ahead for India’s ONDC and the opportunities it presents for ecosystem players and startups to innovate and grow.
ONDC to sign MoU with MP government on Tuesday
Other aspects of the MoU involves onboarding existing private players with digital platforms to increase local adoption, sprint programming and software development events such as a hackathon, state government nominating a department and a senior functionary to coordinate with ONDC.
SIDBI, ONDC ink MoU to accelerate e-commerce for small industries
The MoU, signed by Sivasubramanian Ramann, CMD, SIDBI and T Koshy, MD&CEO, ONDC, provides for several collaborative efforts by SIDBI and ONDC in helping MSMEs access open network e-commerce platform proposed by ONDC.
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.
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