While this initiative is currently running in the National Capital Region, NCCF and ONDC plan to expand it via collaborations with multiple buyer & seller apps and logistics participants. Over the coming months, it is expected to expand to ten more cities, extending the economic benefits to a wider audience.
The Gurugram-based company also said it is benefitting from synergies following the integration of Spotons network with its own. It had acquired the Bengaluru-based firm in August 2021 for around $300 million to strengthen its business-to-business (B2B) vertical.
ONDC (Open Network For Digital Commerce) is a government-led initiative to create an open, secure, and interoperable network for digital commerce in India.
Delhivery Ltd., India s largest fully-integrated logistics provider, has partnered with Mystore, an ONDC-powered marketplace for Indian sellers, to provide express parcel shipping for rural entrepreneurs nationwide.
ONDC bringing a revolution in digital marketplace? What began as a pilot project in 2021 with one buyer app, five seller apps and two logistics partners, Open Network for Digital Commerce (ONDC) has grown into 36 network participants and about 300 at various stages of integration. Multiple apps such as PayTm and PayU have entered ONDC. Watch Business Today Visual Story to know more.