12 May 2022, Mumbai:
Open network for Digital commerce suddenly arouses a lot of excitement within The E-Commerce space.
Flipkart, RIL, and Amazon ONDC is a decentralized platform that connects buyers and sellers.
Can deliver products via their logistics partners.
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It aims to enable online commerce for small sellers and businesses.
The network will be open to the wider public in Bengaluru, Coimbatore, Delhi, Bhopal, and Shillong by the first week of June.
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Likely to be up and running in 100 cities by August in the entire country buyer.
Logistics companies EKART, DUNZO sign up on platform; Phone pe in final stages of integration.
The bigger eCommerce players have indicated to ONDC that they will support it.
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CREDITS: ET Dt 12-05-2022/ET Research and ONDC research strategy paper (The news article has not been edited by DFU Publications staff).
