19 July 2022, Mumbai:
India’s e-commerce platform, Snapdeal, will debut on the Open Network for Digital Commerce (ONDC) next month. The company entered into the onboarding agreement to join the ONDC platform earlier this month.
Teams on both sides are close to completing the technical integration needed for a pan-India launch by the middle of Augus.
RELATED NEWS . Snapdeal’s delivery volumes up
ALSO READ ONDC: Intends To Digitize Value Chain
ONDC (Open Network for Digital Commerce) intends to enable Kirana and the value chain to run digital storefronts transparently with broader logistics and inventory options, analysts posit as the pilot continues in the early days. The open network for digital commerce (ONDC ). The government-backed initiative aimed at curbing digital monopolies is working on a framework for an in-house settlement system.
Snapdeal targets value-seeking, mid-income, price-conscious buyers. As offices re-opened tentatively during the year, demand increased for smart casual clothing such as chino pants, elasticized jeans, collared T-shirts, linen tops, long dresses, A-line skirts, and other relaxed fits.
CREDITS: CNBC
Join our community on Linkedin
