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ONDC’s first buyer side logistics app to fix a big gripe

Economic Times

Economic Times · 1y ago

ONDC’s first buyer side logistics app to fix a big gripe

The government-supported ecommerce network, Open Network for Digital Commerce (ONDC), has approved its first buyer-side logistics app, MP2 Innovations. The app aims to address delivery challenges faced by ONDC participants by allowing them to access various delivery fleets through a single API. MP2 Innovations has partnered with logistics companies such as Loadshare and Zypp and plans to go live on the ONDC network soon. This move is expected to improve the ecommerce experience on ONDC and attract more prominent players to integrate with the platform.

Related News

ONDC Slashes Network Partner Incentives By More Than 80% Ahead Of The Festive Season

Inc42 · 11m ago

ONDC Slashes Network Partner Incentives By More Than 80% Ahead Of The Festive Season

The state-backed network has reduced incentives for its participants by 84%, lowering the maximum limit from INR 2.5 Cr to INR 40 Lakh. The cumulative subsidy given to the buyer side app, seller side app, and logistics platform has also been capped at INR 40. Participants with over 3 Lakh orders in the previous month are no longer eligible for incentives.

Fintech players in various stages of onboarding: ONDC’s Koshy

Economic Times

Economic Times · 1y ago

Fintech players in various stages of onboarding: ONDC’s Koshy

Fintech players like Aditya Birla Finance, Karnataka Bank, Tata Capital, Canara Bank, and Bajaj Finserv are integrating with the government-backed Open Network for Digital Commerce (ONDC), according to the CEO T Koshy. ONDC has specified protocols for financial sector players to onboard the network. The initial pilot involved providing small loans to individuals or proprietary concerns, with DMI Finance as the lender and Easypay as the buyer. Now, the entities are refining and scaling up operations, with more transactions expected in February. Other enterprises, including insurers and mutual fund companies, are also integrating with ONDC.

Welspun One marks first exit from maiden fund

VCCircle

VCCircle · 1y ago

Welspun One marks first exit from maiden fund

Welspun One, a logistics and warehousing investor, has made its first exit from its debut fund by selling one of its early assets in Delhi-NCR. The Welspun One Logistics Parks I fund was launched in 2021 with a fund size of Rs 500 crore. The details of the transaction and the buyer have not been disclosed. This marks a significant milestone for Welspun One in its investment journey.

Zoho jumps on to ONDC bandwagon with seller app called Vikra

Money Control

Money Control · 11m ago

Zoho jumps on to ONDC bandwagon with seller app called Vikra

Bootstrapped SaaS unicorn Zoho has launched a seller-side platform on the Open Network for Digital Commerce (ONDC) to compete with e-commerce giants like Amazon and Flipkart. The Vikra app, which is ONDC protocol compliant, allows sellers to set up online stores and gain visibility on popular buyer-side apps such as Paytm, Ola, and Snapdeal. It offers features like onboarding, order fulfillment, shipping, cataloguing, customer dispute management, and analytics. Zoho aims to bridge the e-commerce divide and increase e-commerce penetration to 25% within the next few years. The ONDC recorded 12.58 million transactions in August, with a 5% month-on-month growth.

ONDC launches new incentive scheme with more autonomy for buyer apps, support for small cities

Money Control

Money Control · 1y ago

ONDC launches new incentive scheme with more autonomy for buyer apps, support for small cities

The Open Network for Digital Commerce (ONDC) is revising its incentive scheme to address dominance by major platforms like Amazon, Flipkart, Swiggy, and Zomato. The updated scheme provides buyer-side apps with more flexibility in offering discounts, reduces subsidies in the food category, and aims to expand merchant presence in non-metro districts. Key changes include increased weekly claim limits for buyer-side apps, category-specific discounts, and capped weekly incentives per order. ONDC also plans to expand internationally and introduce financial services. The government-backed initiative aims to boost e-commerce penetration in India and reduce business costs through dynamic pricing, inventory management, and delivery optimization.

ONDC apps flag Pai Platforms’ Bitsila acquisition

Economic Times

Economic Times · 1y ago

ONDC apps flag Pai Platforms’ Bitsila acquisition

The acquisition of Bitsila by Pai Platforms (formerly Paytm E-commerce) has sparked concerns among sellers in the Open Network for Digital Commerce (ONDC) network. Pai Platforms is a major buyer app on ONDC, and acquiring Bitsila will give it a strong presence on the seller apps side as well. Some sellers worry about duplication and the potential exclusion of other sellers. However, ONDC and Pai Platforms refute these concerns, stating that expanding the supplier base and offering lower commission rates are key objectives. ONDC emphasizes the importance of a platform strategy, with multiple players catering to different niches and domains.

Ola To Launch Grocery Delivery Soon

Inc42 · 1y ago

Ola To Launch Grocery Delivery Soon

Ola Mobility, led by Bhavish Aggarwal, is planning to introduce grocery delivery in the coming days. Ola is currently the second largest buyer-side platform in the food category, processing thousands of food orders daily. This new venture will involve competition with players such as Pai Platforms, Swiggy's Instamart, and Blinkit.

Hero MotoCorp Joins ONDC To Sell Two-Wheeler Parts Online

Inc42 · 1y ago

Hero MotoCorp Joins ONDC To Sell Two-Wheeler Parts Online

Hero MotoCorp, a leading automobile company, has joined the Open Network for Digital Commerce (ONDC) in India. Becoming the country's first auto company to join the platform, Hero Motocorp aims to enhance customer convenience through this partnership. Initially, the company will offer two-wheeler parts, accessories, and merchandise on the open network, available through buyer-side apps such as Paytm and Mystore. The integration will enable Hero MotoCorp to offer a digital mode for customers, streamline order processing, and leverage its physical distribution network for hyperlocal deliveries. ONDC is expanding rapidly by onboarding new players onto its network.

Is ONDC’s gamble paying off?

Economic Times

Economic Times · 1y ago

Is ONDC’s gamble paying off?

Open Network for Digital Commerce (ONDC) launched last year to challenge the dominance of e-commerce giants like Amazon and Flipkart in India. It aims to increase digital consumption in India and generate opportunities for startups. Despite achieving some milestones, ONDC faces challenges such as supporting new entrants and scaling up operations. The network has seen a significant increase in transactions and aims to increase e-commerce penetration in the country. However, profitability remains a concern, as the operation-heavy nature of e-commerce makes it challenging to generate sustainable business.

SoftBank likely to sell stake worth $150 million in India's Delhivery: report

Economic Times

Economic Times · 1y ago

SoftBank likely to sell stake worth $150 million in India's Delhivery: report

According to a report, SoftBank is planning to sell its stake worth $150 million in Indian logistics company Delhivery. The move is part of SoftBank's broader strategy to reduce its exposure to the Indian startup ecosystem as it faces financial challenges due to its investments in companies like WeWork. SoftBank is expected to sell the stake to a single buyer. Delhivery is one of India's largest logistics companies, providing services like last-mile delivery and warehousing.

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