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ONDC UPDATE
Oyo readies market debut; IT's comeback rallyOyo's IPO plans are back on track after securing the regulator's nod. This and more in today's ETtech Top 5.- A username could one day suffice as your addressIndia is creating a unique username-based digital addressing system. This initiative, led by India Post, aims to simplify sending and recei...
- Vibhor Jain appointed CEO and MD of ONDCVibhor Jain has been appointed as the new MD and CEO of ONDC, effective April 7, after serving as acting CEO. He aims to deepen the value O...
- ONDC rolls out monthly support schemes to boost logistics, F&B, grocery, D2C sectorsIndustry insiders are expecting to see higher sales this festive season on the back of this targeted financial assistance programme by ONDC...
- Logistics parks, tech, and ONDC to drive AllCargo Gati’s next phase: MD and CEO Ketan KulkarniWith our infrastructure and tech-driven approach, Allcargo Gati is more than a service provider; we’re a growth partner helping MSMEs thriv...
- Quick commerce app on ONDC Kiko Live plans Mumbai, Bangalore and Indore; exceeds 5,000 daily orders in DelhiThe company introduced its consumer app in Delhi in January and intends to roll it out to 20 more cities within the next six months, with t...
- PhonePe sharpens quick commerce play in first for a payments companyWalmart-backed PhonePe is poised to enter the quick commerce market, driven by growth prospects in the red-hot sector and its impending pub...
- Real-time payments gaining ground fast in Asia: JP MorganMany Asian countries, including India, are moving away from older payment methods like ACH in favor of real-time systems such as UPI. JP Mo...
- TCS Q1 results; Pine Labs, Swiggy valuations slashedIndian IT bellwether TCS kicked off the tech earnings season with a 9% YoY growth in net profit for the June quarter. This and more on toda...
- Ola’s losses widen, revenue doubles; Zerodha allocates Rs 1,000 crore to fund startupsBhavish Aggarwal's Ola finally disclosed its financials for FY22 after a year-long delay. This and more in today’s ETtech Top 5.
- ONDC not close to shaking up online food-delivery industry: ReportInvestment banking firm JM Financial in a report said the current commissions charged by network participants are not sustainable.
- Why cash will become a commoner; and other top tech & startup stories this weekTo be sure, cash will continue to play a big part in the Indian economy. But over the next five years, cash will no longer be king. It will...
- Snags hit ecommerce orders on ONDC; IT firms hire more women in FY23Government-backed Open Network for Digital Commerce (ONDC) is set for rough weather ahead as the platform faces roadblocks while scaling. T...
- ONDC logs slow ecommerce uptake, snags may hit expansionElectronics, fashion items, smartphones and others are considered broadly the key drivers of online sales across marketplaces. While ONDC, ...
- RIL, Delhivery and Indiamart: How ONDC may impact these 3 stocksIn the medium term, the impact of ONDC could be negative for Indiamart if ONDC's B2B operations gain traction. It could directly compete wi...
- How PhonePe is sharpening its ecommerce ambitions as it breaks away from FlipkartTo launch grocery side shopping on ONDC; sets aside $15 million for biz
- Dubious loan apps are back; Reliance’s Grab.in joins ONDCThe recovery agents, having got hold of his contact list, also called his aunt and demanded that she coerce him to pay up. She was abused a...
- Slice alters business model; SoftBank, Sequoia want firms to join ONDCThe new rule has forced Slice, which until now offered a revolving credit line to customers, to alter its business model.
- ONDC should be made available in regional languages: Piyush GoyalONDC CEO Thampy Koshy says over 150 entities have signed up on the network to integrate their apps.
- Now, Google in talks to join ONDC; Purplle may raise fresh funds at $800 million valuationGoogle is also in talks to partner with ONDC, which it sees as a means of discovering businesses.
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