Friday, November 8, 2024
Home Business Government e-commerce platform on-boarding unicorns

Government e-commerce platform on-boarding unicorns

by
0 comment

NEW DELHI: Open Network for Digital Commerce (

ONDC

), which was positioned as an UPI-type alternative to e-commerce giants, is on-boarding several unicorns including Makemytrip, Policybazaar, Cars24 and Zerodha, as it seeks to gain traction.
While the idea was to create ONDC as a tool for

small businesses

, including kirana stores and democratise online commerce, govt believes the entry of

large players

will only give more choice to

consumers

and help grow demand in smaller towns and cities.

Besides, the idea is to allow consumers and businesses to benefit without having to pay levies and charges to platforms.
“It has started getting traction in the last two years. Five lakh sellers have on-boarded, of which 70% are small and medium sellers. In April, ONDC facilitated 72 million transactions,” Rajesh Kumar Singh, secretary in the department for promotion of industry and internal trade, told reporters.
Asked if big startups may end up overshadowing smaller players, Singh said he expected all types of players to come on board. “The intent is noble, let us see how it works and to what extent we can actually crack some of the issues you raised in terms of market concentration,” he said.
Over 125 ecosystem stakeholders, including unicorns such as EaseMyTrip, Winzo and Livspace signed Letter of Intent (LoI) on Friday.

You may also like

Leave a Comment

About Us

Welcome to Janashakti.News, your trusted source for breaking news, insightful analysis, and captivating stories from around the globe. Whether you’re seeking updates on politics, technology, sports, entertainment, or beyond, we deliver timely and reliable coverage to keep you informed and engaged.

@2024 – All Right Reserved – Janashakti.news