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CSC, ONDC partner to expand ecommerce reach to rural areas

Economic Times

Economic Times · 1y ago

CSC, ONDC partner to expand ecommerce reach to rural areas

The Ministry of Electronics and Information Technology's network of common service centers (CSC) has partnered with the Open Network for Digital Commerce (ONDC) to expand e-commerce access in rural areas of India. Through this collaboration, rural citizens will be able to access ONDC's e-commerce network via CSC's e-Grameen app, promoting entrepreneurship opportunities and income generation for village-level entrepreneurs. The integration will be conducted in two phases, with village level entrepreneurs being onboarded as buyers initially, followed by the ability for sellers to receive orders from the ONDC platform. This initiative aims to drive rural development and boost the rural economy.

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ONDC Partners MeitY’s Common Service Centres To Take Ecommerce To Rural Areas

Inc42 · 1y ago

ONDC Partners MeitY’s Common Service Centres To Take Ecommerce To Rural Areas

The Open Network for Digital Commerce (ONDC) has partnered with the Ministry of Electronics and Information Technology’s (MeitY) Common Service Centres (CSC) to expand e-commerce services to rural areas in India. Through this collaboration, CSC's e-Grameen will join ONDC as a buyer application, enabling rural citizens to access essential e-commerce services. The partnership aims to empower local entrepreneurship and increase e-retail penetration in remote parts of the country. Currently, there are over 5.9 Lakh CSCs across India, with over 4.68 Lakh in rural areas.

Mystore Rolls Out AI-Powered Semantic Search To Increase Product Visibility On ONDC

Inc42 · 11m ago

Mystore Rolls Out AI-Powered Semantic Search To Increase Product Visibility On ONDC

Mystore is introducing a new feature to assist sellers and buyers on the ONDC network. By incorporating AI-based semantic search into the Mystore Seller App, sellers will be able to enhance their product visibility and sales on the ONDC Network. Mystore, which provides ecommerce solutions to SMEs and D2C brands, aims to help these businesses expand and reach new customers across India.

PayNearby Launches Digital Naari To Onboard 1 Lakh Women ‘Lakhpati Didis’ By 2025

OutlookIndia

OutlookIndia · 1y ago

PayNearby Launches Digital Naari To Onboard 1 Lakh Women ‘Lakhpati Didis’ By 2025

PayNearby has launched the Digital Naari platform, aimed at providing additional income generation opportunities for women in rural and semi-urban areas in India. The initiative, aligned with the government's 'Lakhpati Didi' program, aims to uplift and empower 1 lakh women by 2025, enabling them to provide a range of financial and digital services to the masses. PayNearby currently operates through a network of over 10,000 women, conducting transactions worth over Rs 1000 crores annually. The Digital Naari platform aims to partner with organizations and self-help groups to expand its reach and promote financial and societal independence among rural women.

eBikeGo plans to expand electric two-wheeler fleet to 1 lakh units by FY26

YourStory

YourStory · 1y ago

eBikeGo plans to expand electric two-wheeler fleet to 1 lakh units by FY26

Electric vehicle rental service operator eBikeGo plans to expand its fleet of electric two-wheelers to 100,000 units by FY26, targeting the growing last-mile and ecommerce sectors in India. With the domestic last-mile delivery and ecommerce business growing at 6.4%, the company aims to cater to the demand for affordable and sustainable delivery vehicles. eBikeGo plans to extend its operations beyond metropolitan cities and target Tier I and Tier II cities as well. The hyperlocal delivery market is expected to reach $92.50 billion by 2029, with increasing penetration into smaller cities and rural areas. The company currently manages a fleet of over 3,000 e-bikes.

Accel bullish on non-urban markets; sees large cos emerging in e-comm, healthcare, financial domains

YourStory

YourStory · 1y ago

Accel bullish on non-urban markets; sees large cos emerging in e-comm, healthcare, financial domains

According to Anand Daniel, a partner at venture capital firm Accel, there is significant potential for startups to serve non-urban areas in sectors such as ecommerce, financial services, healthcare, and education. The growing online, financial, and delivery infrastructure in these areas presents new opportunities for businesses to thrive. Daniel believes that platforms leveraging technology and catering to the diverse needs of the middle-income households in Tier 2, Tier 3, and rural areas of India can crack a large potential market. Accel expects multiple billion-dollar companies to be built for these non-urban markets in the coming decade.

ONDC hits 8.9 million transactions, retail orders reach 5 million

YourStory

YourStory · 1y ago

ONDC hits 8.9 million transactions, retail orders reach 5 million

The Open Network for Digital Commerce (ONDC) in India witnessed a record high of 8.9 million transactions in May 2024, marking a 23% increase from the previous month. The retail segment contributed significantly to this growth, with 5 million orders recorded, driven by categories such as grocery, food delivery, home and kitchen, and fashion. Ride-hailing also saw a modest increase to 3.8 million trips. The ONDC aims to further expand its reach, targeting 40-50 million monthly transactions by the end of the year. Additionally, reports suggest that the Adani Group may enter the ecommerce business through the ONDC platform.

Two logistics firms selected to set up ecommerce export hubs on pilot basis around Delhi

Economic Times

Economic Times · 7m ago

Two logistics firms selected to set up ecommerce export hubs on pilot basis around Delhi

Logistics aggregator Shiprocket and air cargo handling company Cargo Service Centre (CSC) have been selected by the government to set up ecommerce export hubs in Delhi on a pilot basis starting in February 2022. The hubs will facilitate expedited customs and security clearance, quality certification, and an easy re-import policy. The government plans to set up more such hubs based on the outcomes of the pilot program. Ecommerce exports have the potential to reach over USD 100 billion by 2030 in India, compared to China's USD 250 billion annually.

Middle India’s e-commerce revolution: A new wave of startups redefining online retail

Inc42 · 1y ago

Middle India’s e-commerce revolution: A new wave of startups redefining online retail

Middle India's ecommerce market is expanding rapidly, with startups using technology to reach underserved rural consumers. Morgan Stanley predicts a 50% YoY growth rate, projecting the market to reach $150 billion by 2025. Investments in Middle India's ecommerce space, such as BuyEazzy, are providing valuable insights into the needs of Middle Indian consumers. These startups are reshaping online retail by catering to local demands, utilizing technology to connect with rural customers, and building robust logistics networks. While challenges like low internet penetration and lack of infrastructure persist, the growing penetration, increasing disposable incomes, and rising urbanization present significant opportunities for ecommerce in Middle India.

Monthly transactions on ONDC to hit around 50 million by the end of the year: CEO Koshy

YourStory

YourStory · 1y ago

Monthly transactions on ONDC to hit around 50 million by the end of the year: CEO Koshy

Open Network For Digital Commerce (ONDC) CEO Thampy Koshy believes the platform will reach 40-50 million monthly transactions by the end of the year. Launched in December 2021, ONDC aims to empower smaller businesses in the ecommerce sector. Currently, the platform has nearly 550,000 merchants, with a decreasing share of transactions in the mobility sector. Other sectors like food, beauty, grocery, and apparel are gaining momentum. This was announced at the Build For Bharat event, a partnership between ONDC, Startup India, Google Cloud India, Antler in India, Protean, and Paytm, aimed at finding innovative solutions for ecommerce challenges.

Ekart goes live on ONDC Network for ecommerce logistics

Economic Times

Economic Times · 27d ago

Ekart goes live on ONDC Network for ecommerce logistics

Flipkart's logistics arm, Ekart, has joined the government-supported Open Network for Digital Commerce (ONDC) for ecommerce logistics. This integration will expand Ekart's reach across India, aiding both MSMEs and large enterprises by offering enhanced efficiency and access to markets. This move aims to boost ONDC's e-commerce logistics as it addresses a recent decline in retail orders after reducing participant financial incentives, which had previously encouraged user onboarding through discounts and offers.

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