Ondc

In a bid to transform the e-commerce landscape in India, the government introduced the Open Network for Digital Commerce (ONDC) initiative. Launched under the Department for Promotion of Industry and Internal Trade (DPIIT) as part of the Digital India push, ONDC aims to democratize and decentralize e-commerce, empower small businesses, enhance consumer choice, and foster a level playing field in the digital marketplace. Let's delve into the intricacies of ONDC and its potential impact on the Indian e-commerce ecosystem. Unleashing the Potential of ONDC ONDC serves as a network of interconnected e-marketplaces, enabling sellers, including brands and local businesses, to directly list and sell their products to customers without intermediaries. By providing a gateway for buyers and sellers across different platforms, ONDC ensures increased transparency, reduced market concentration, and improved consumer options. This decentralized approach fosters healthy competition, spurs innovation, and offers cost savings for both businesses and consumers. Objectives Driving ONDC's Vision Democratization and Inclusivity: One of the primary goals of ONDC is to democratize e-commerce by granting small and medium enterprises (SMEs) and local businesses equal opportunities to tap into online demand. By breaking down entry barriers and providing a platform for these entities, ONDC empowers them to compete with established players and expand their reach. Enhanced Consumer Choice: ONDC address...

NEW DELHI, June 1 (Reuters) - India's government in April launched its Open Network For Digital Commerce (ONDC) as a prospective alternative to dominant global giants Amazon.com Here is a description of the different moving parts of ONDC. WHAT IS ONDC? ONDC is a non-profit company whose network will enable the display of products and services from all participating e-commerce platforms in search results across all apps on the network. For example, if both Amazon and Walmart's Flipkart integrate their platforms with ONDC, a user searching for a Bluetooth headset on Amazon would also see results from Flipkart on the Amazon app. WHAT ARE ONDC'S TRANSACTION TARGETS? ONDC aims to raise e-commerce penetration in the next two years to 25% of India's consumer purchases, from nearly 8% now, in a country of 1.35 billion people. It also hopes to sign up 900 million buyers and 1.2 million sellers on the shared network within the next five years, while achieving gross merchandise value of $48 billion. The government estimates that India's e-commerce market was worth more than $55 billion in gross merchandise value in 2021 and will grow to $350 billion by the end of this decade. Currently, Amazon and Walmart's Flipkart control more than 60% of the market. HOW DOES ONDC AIM TO BOOST COMPETITION? The government says existing platforms work in silos and are tightly controlled, keeping out many small players. It expects ONDC to increase competition and foster innovation by start-ups. It als...

Benefits:- • Seller - Get an equal opportunity to compete with large market players and become discoverable online. • Buyers - Enjoy a seamless shopping experience from a wide assortment of products across categories in a single checkout experience. • Tech Companies - Rapid adoption of products and services and achieving scale in go-to-market efforts. • FinTech - Provide credit and financing solutions to all entities engaged in e‑commerce. How To Join How To Join Seller Network Participant A Seller Network Participant is responsible for connecting sellers to the ONDC network through a seller application. They are also responsible for digitizing the seller's catalogue and dispersing payments. Additionally, they must train sellers on best practices in e-commerce to ensure quality fulfilment and provide a positive buying experience for customers. ONDC Gateway Gateways play a crucial role in an open-network ecosystem. It refers to technology providers who will ensure discoverability of all sellers in the ONDC Network by multicasting the search request received from buyer applications to all the seller applications and vice-versa, as provided in the Network Policies of ONDC. Technology Service Provider Technology Service Providers play a vital role in providing a variety of software applications (either stand-alone or through the cloud) but only as an outsourced software provider to Buyer and Seller applications. Their services ensure smooth business operations on the ONDC netw...

NEW DELHI, May 11 (Reuters) - The Indian government's open e-commerce network ONDC has expanded its operations into 236 cities in the country while adding more than 36,000 merchants, a senior company official said on Thursday. The government launched the The non-profit company's network currently displays products and services from all participating e-commerce platforms in search results across all apps on its network. "ONDC is handholding small merchants while aiming to make e-commerce more inclusive and accessible for consumers," T. Koshy, CEO of the company told reporters. The network is slowly and steadily recording an uptick in transactions, he said. The government has said existing platforms are tightly controlled, keeping out many small players. It expects ONDC to increase competition and foster start-up innovation. T. Koshy said the company was in talks with cab operators to launch operations in at least four cities, after successfully launching mobility operations in two cities in South India. More than 55,000 taxi cab owners have already joined the network, and consumers were using it for about 35,000 rides a day, he said. The platform has helped cab owners to provide services while saving on hefty commissions paid to other platforms and offer lower rates to passengers, said Shaikh Salauddin, head of Telengana Four Wheeler Drivers Association, and a taxi driver. "The ONDC move has helped to promote fair competition in the e-commerce and helping consumers and smal...

The government of India in April launched its Open Network for Digital Commerce (ONDC) as an alternative to dominant global giants Amazon and Walmart in its rapidly growing e-commerce market. Now, the latest news is that giants like Flipkart, Reliance Retail and Amazon are planning to join this ambitious e-commerce network called Open Network for Digital Commerce (ONDC). A report by Economic Times claims that a pilot program is already underway to include kiranas and small and medium businesses in Bengaluru and 4 other cities. Today, in this article, we will explain everything related to Modi’s government’s ambitious ONDC platform which looks to change e-commerce landscape similar to what UPI has done with digital banking. What is ONDC? Open Network for Digital Commerce is a private non-profit company established by the Department for Promotion of Industry and Internal Trade of the Government of India to develop open networks for e-commerce. It was founded in April 2022. It is basically a network of a number of small and large-scale e-commerce players which aims towards breaking the dominance of firms like Amazon and Flipkart in India. This open network will allow local commerce across important segments like grocery, food delivery, hotel booking, travel bookings, and more to be discovered and engaged by any network-enabled app. An example is, if both Amazon and Flipkart integrate their platforms with ONDC, a user searching for a coffee machine on Amazon would also see res...

• • • Anil Agrawal • Arvind Gupta • Dilip Asbe • Kumar Rajagopalan • • • Suresh Sethi • R S Sharma Products Open network for e-commerce Owner Website .org Open Network for Digital Commerce (ONDC), is a private History [ ] On 5 July 2021, a nine-member Advisory Council was constituted by From November 2021 to March 2022, various public and private sector entities picked up stakes in ONDC by investing As of July 2022, more than 20 organisations have committed investment ₹255 crore (US$32million) into the project such as As per Nandan Nilekani, the As per Pilot Phases [ ] The pilot phase was launched on 29 April 2022 in five cities; Restaurant management platform Petpooja partnered with marketing agency GrowthFalcons to onboard By August 2022 all systems will become operational. ONDC will start servicing 100 cities and will also open for wider public use in Bengaluru, New Delhi, Coimbatore, Bhopal and Shillong where pilot projects are ongoing. By the end of 2022, ONDC will go live at national level covering the entire country. ONDC activated ecommerce in agriculture domain on 20 June 2022 with From 21 cities, the pilot phase moved to 51 cities by third week of August. Public beta [ ] The public beta was rolled out on 30 September 2022 in From March 2023, ONDC will start network-wide scoring of sellers. This network-wide rating will include elements of feedback regarding transactions and performance of the sellers including the extent of grievance resolution. NPCI B2B e-commer...

Premium What is ONDC, and why is everyone talking about it? ONDC is an interoperable network based on the BeckN protocol that anyone can piggyback on. It seeks to break down silos in digital commerce by enabling platforms of varying configurations (big or small) to connect and operate seamlessly on it. After the revolution brought in the realm of digital payments by the Unified Payments Interface (UPI), the Open Network for Digital Commerce (ONDC) is set to break new ground in the country’s digital commerce ecosystem. ONDC employs cutting-edge digital infrastructure, seeking to democratise digital commerce in India and make it more accessible and inclusive. More than 29,000 sellers are live on the network, and alpha tests are currently running in 236 cities. Its backers expect that over the next five years, ONDC, with its network-centric approach and inclusive governance framework, will transform the digital commerce landscape in India and serve as an important reference point for a forward-looking Digital Public Infrastructure (DPI) governance framework. Click here for more It comprises different entities called ‘Network Participants’, including Buyer Applications, Seller Applications, and Gateways that perform the search and discovery function. Imagine a scenario where all the large e-commerce platforms, from food delivery to clothing and fashion to conveyance, are accessible in one place, along with your neighbourhood start-ups, shops, and kirana stores. How does this h...

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NEW DELHI, May 11 (Reuters) - The Indian government's open e-commerce network ONDC has expanded its operations into 236 cities in the country while adding more than 36,000 merchants, a senior company official said on Thursday. The government launched the The non-profit company's network currently displays products and services from all participating e-commerce platforms in search results across all apps on its network. "ONDC is handholding small merchants while aiming to make e-commerce more inclusive and accessible for consumers," T. Koshy, CEO of the company told reporters. The network is slowly and steadily recording an uptick in transactions, he said. The government has said existing platforms are tightly controlled, keeping out many small players. It expects ONDC to increase competition and foster start-up innovation. T. Koshy said the company was in talks with cab operators to launch operations in at least four cities, after successfully launching mobility operations in two cities in South India. More than 55,000 taxi cab owners have already joined the network, and consumers were using it for about 35,000 rides a day, he said. The platform has helped cab owners to provide services while saving on hefty commissions paid to other platforms and offer lower rates to passengers, said Shaikh Salauddin, head of Telengana Four Wheeler Drivers Association, and a taxi driver. "The ONDC move has helped to promote fair competition in the e-commerce and helping consumers and smal...

In a bid to transform the e-commerce landscape in India, the government introduced the Open Network for Digital Commerce (ONDC) initiative. Launched under the Department for Promotion of Industry and Internal Trade (DPIIT) as part of the Digital India push, ONDC aims to democratize and decentralize e-commerce, empower small businesses, enhance consumer choice, and foster a level playing field in the digital marketplace. Let's delve into the intricacies of ONDC and its potential impact on the Indian e-commerce ecosystem. Unleashing the Potential of ONDC ONDC serves as a network of interconnected e-marketplaces, enabling sellers, including brands and local businesses, to directly list and sell their products to customers without intermediaries. By providing a gateway for buyers and sellers across different platforms, ONDC ensures increased transparency, reduced market concentration, and improved consumer options. This decentralized approach fosters healthy competition, spurs innovation, and offers cost savings for both businesses and consumers. Objectives Driving ONDC's Vision Democratization and Inclusivity: One of the primary goals of ONDC is to democratize e-commerce by granting small and medium enterprises (SMEs) and local businesses equal opportunities to tap into online demand. By breaking down entry barriers and providing a platform for these entities, ONDC empowers them to compete with established players and expand their reach. Enhanced Consumer Choice: ONDC address...