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The total number of transactions on the network in March reached 7.7 million, which includes 4.1 million ride-hailing bookings on the Namma Yatri app.
Retail e-commerce purchases on ONDC have surged by more than 1,700 times within a year, driven by growing demand in categories such as fashion, cosmetics, and electronics.
Koshy also said that ONDC is working to bring financial products to the network, and this is expected to happen in the next couple of months.
Co-founder and chief executive officer Anshoo Sharma says ONDC could be an inflection point for the hyperlocal commerce platform