ONDC achieves 35,000 daily retail orders, with Delhi-NCR and Bengaluru leading the way

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Delhi-NCR and Bengaluru have emerged as the top contributors to the Open Network Digital Commerce (ONDC), with the platform surpassing 35,000 daily retail orders. According to sources, Mumbai, Hyderabad, and Pune registered between 2,500 and 3,000 orders each, encompassing food and grocery items. This rapid growth highlights the increasing popularity of the government-backed ecommerce network.

ONDC Aims for 200,000 Daily Transactions and Expansion

T. Koshy, CEO of ONDC, recently shared at an event that the platform is poised to achieve 200,000 daily transactions by the end of the year. The ambitious target reflects ONDC’s determination to challenge established players like Amazon, Flipkart, Swiggy, and Zomato. With a focus on aggressive expansion, It aims to onboard 1.2 million sellers and reach 900 million buyers within two years.

Growth Slowdown and Revised Incentives

After surpassing 25,000 daily orders in May, ONDC experienced a slowdown in its growth rate. This coincided with a reduction in customer discounts and incentives offered to participants on the network. Previously, we offered customers discounts on three orders per day. But we have revised it to a total of 30 orders. The long-term effectiveness of ONDC’s current business model remains uncertain.

Partnerships and Support for ONDC

To support ONDC’s growth plans, PhonePe expanded its native ecommerce platform, Pincode, to cover additional cities such as Mumbai, Delhi, Noida, Gurugram, Chennai, Hyderabad, Ahmedabad, Pune, and Kolkata. In further support, Google announced an accelerator program for ONDC, providing businesses on the platform with access to Google Cloud’s technology and expert guidance. These collaborations and alliances aim to enhance the digital commerce experiences facilitated by ONDC.

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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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ONDC achieves 35,000 daily retail orders, with Delhi-NCR and Bengaluru leading the way

Delhi-NCR and Bengaluru have emerged as the top contributors to the Open Network Digital Commerce (ONDC), with the platform surpassing 35,000 daily retail orders. According to sources, Mumbai, Hyderabad, and Pune registered between 2,500 and 3,000 orders each, encompassing food and grocery items. This rapid growth highlights the increasing popularity of the government-backed ecommerce network.

ONDC Aims for 200,000 Daily Transactions and Expansion

T. Koshy, CEO of ONDC, recently shared at an event that the platform is poised to achieve 200,000 daily transactions by the end of the year. The ambitious target reflects ONDC’s determination to challenge established players like Amazon, Flipkart, Swiggy, and Zomato. With a focus on aggressive expansion, It aims to onboard 1.2 million sellers and reach 900 million buyers within two years.

Growth Slowdown and Revised Incentives

After surpassing 25,000 daily orders in May, ONDC experienced a slowdown in its growth rate. This coincided with a reduction in customer discounts and incentives offered to participants on the network. Previously, we offered customers discounts on three orders per day. But we have revised it to a total of 30 orders. The long-term effectiveness of ONDC’s current business model remains uncertain.

Partnerships and Support for ONDC

To support ONDC’s growth plans, PhonePe expanded its native ecommerce platform, Pincode, to cover additional cities such as Mumbai, Delhi, Noida, Gurugram, Chennai, Hyderabad, Ahmedabad, Pune, and Kolkata. In further support, Google announced an accelerator program for ONDC, providing businesses on the platform with access to Google Cloud’s technology and expert guidance. These collaborations and alliances aim to enhance the digital commerce experiences facilitated by ONDC.

Also Read The Latest News:
Two independent directors reportedly resign from BYJU’S coaching arm
Twitch responds to creator feedback with launch of Discovery Feed

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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