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EaseMyTrip signs LOI to join ONDC at Startup Mahotsav
YourStory
·
1y ago
Medial
Travel tech platform Easy Trip Planners Ltd has announced its intention to join the Open Network for Digital Commerce (ONDC). The letter of intent was signed at the ONDC Startup Mahotsav event, indicating Easy Trip Planners' commitment to the digital transformation of commerce in India. By joining ONDC, the company aims to support India's digital economy and contribute to the growth of the travel industry. The ONDC initiative, launched by the government in 2021, aims to create an open and competitive digital commerce ecosystem, benefiting small businesses and promoting fairness in the ecommerce sector.
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Cars24, Zerodha, EaseMyTrip Among 12 Unicorns Joining ONDC Soon
Inc42
·
1y ago
Medial
Indian unicorns such as EaseMyTrip, OfBusiness, Zerodha, and Livspace, among others, have signed letters of intent to join the Open Network for Digital Commerce (ONDC). Over 125 other startup ecosystem stakeholders have also entered similar agreements with ONDC, according to the Department for Promotion of Industry and Internal Trade (DPIIT). The unicorns will explore the use-cases for their products and platforms on ONDC. The ONDC Startup Mahotsav event aimed to foster collaboration between startups and ONDC and to highlight the 7.2 million transactions facilitated by ONDC in the past month.
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Karnataka signs Letter of Intent with New Jersey to strengthen tech and innovation ties
Economic Times
·
8m ago
Medial
The Karnataka government has signed a Letter of Intent (LoI) with the New Jersey Department of State, USA, to enhance cooperation in technology, innovation, and economic development. The agreement aims to establish collaboration between Bengaluru and New Brunswick, focusing on areas such as startup ecosystem engagement, technological advancements in life sciences and deep technologies, and promoting exchanges between the two cities. This partnership aligns with Karnataka's Global Innovation Alliances initiative, which aims to foster international collaboration and knowledge-sharing.
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EaseMyTrip Signs “Exclusive” Pact To List Hotels On PhonePe
Inc42
·
10m ago
Medial
PhonePe and EaseMyTrip have entered into a partnership, allowing PhonePe users to access services offered by EaseMyTrip, including hotel deals, cab services, and more. The collaboration aims to leverage EaseMyTrip's offerings in the travel tech space and PhonePe's user base to enhance accessibility and attract new users. This news follows the recent sale of shares in EaseMyTrip by its CEO, Nishant Pitti, for INR 920 crore.
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Bitsila Raises Pre-Seed funding From Antler, Redbus Founder Phanindra Sama
OutlookIndia
·
1y ago
Medial
Bitsila, a marketplace seller on ONDC, has secured pre-seed funding from Antler and Phanindra Sama, co-founder of Redbus. The startup, founded by Dasharatham Bitla, Sooryah Pokkali, and Likhma Ram, offers a platform for non-digital sellers to establish an online presence on ONDC. It provides branded websites and mobile apps and supports integration with various platforms including e-commerce, channel managers, and ERP partners. The company aims to empower over 500 large enterprises and a million merchants to join ONDC in the next 18 months.
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Five lakh sellers onboard ONDC so far: DPIIT secy
Economic Times
·
1y ago
Medial
Around five lakh sellers have joined the Open Network for Digital Commerce (ONDC) in collaboration with startups to increase market access. According to Rajesh Kumar Singh, the secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), ONDC has gained traction in the e-commerce sector. The platform aims to democratize digital commerce and cater to smaller players. Currently, 70% of the five lakh sellers are small and medium-sized businesses. Over 125 ecosystem stakeholders, including startups like PolicyBazaar, EaseMyTrip, and WinZO, have shown interest in collaborating with ONDC.
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ONDC targets GeM and PLI beneficiary business for growth
Livemint
·
11m ago
Medial
The Open Network for Digital Commerce (ONDC) plans to target small and medium enterprises (SMEs) by focusing on businesses at the government e-marketplace (GeM) and beneficiaries of production-linked incentive (PLI) schemes. ONDC aims to triple its business by onboarding SMEs and increasing transactions from 12.5 million per month to 30-40 million by FY25. The organization is also attracting diverse domains, such as media, gaming, and spirituality, to join its network. Additionally, ONDC has been asked to tap into the GeM and PLI beneficiary market for further growth.
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Exclusive: Now, KFC Marks ONDC Foray With Pilot In Gurugram
Inc42
·
1y ago
Medial
KFC has partnered with Magicpin to enhance its tech integration, catalogue assortments, and logistics capabilities. A pilot program is being conducted in Gurugram, and over 1,000 KFC stores are expected to join ONDC within a month. This collaboration comes as ONDC plans to reduce incentives for network participants by 75%.
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Cars24 Bags INR 250 Cr From Singapore-Based Parent Entity
Inc42
·
1y ago
Medial
The startup Cars24 has received approval from its board to allot 2.18 lakh equity shares to its parent company Global Car Group Limited in Singapore. However, there is no information available about how the funds will be utilized by the Delhi NCR-based startup. This fundraising round follows Cars24's recent pilot of a driver-on-hire service and signing a letter of intent to join the state-backed ONDC initiative.
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McDonald’s joins govt-backed ONDC network through 200 outlets in North and East India
IndianStartupNews
·
1y ago
Medial
McDonald's India North & East has decided to join the Open Network for Digital Commerce (ONDC) network, which is supported by the Indian government. This integration will allow McDonald's menu items to be available on various ONDC buyers' applications, expanding its reach and accessibility. The move is seen as a significant milestone in revolutionizing digital commerce in India, as ONDC aims to unbundle closed networks and provide more opportunities for small businesses. Other well-known brands, such as Domino's Pizza, have also joined the ONDC network, reflecting the growing trend of established companies leveraging ONDC for digital commerce improvement.
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NRAI pushes ONDC as alternative to food delivery majors Zomato, Swiggy
Economic Times
·
6m ago
Medial
The National Restaurant Association of India (NRAI) is urging its members to join the Open Network for Digital Commerce (ONDC) to counter Swiggy and Zomato's market dominance. NRAI aims to challenge standalone 10-minute delivery apps by these companies in court, citing concerns of private labeling. They advocate for ONDC as a cost-effective alternative, with some restaurants in Bengaluru already experiencing significant order volumes from ONDC, highlighting the potential for more balanced competition.
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