Open Network for Digital Commerce (ONDC) is making rapid strides of growth, clocking 9.9 million transactions in June 2004. In January 2023, monthly transactions stood at around 1000. There are a total of over 5.7 lakh sellers and service providers apart from 16 logistics service providers on the network, the government informed Rajya Sabha. Kiko Live has played a pivotal role in supporting the expansion of the Open Network for Digital Commerce (ONDC) by enabling local sellers and service providers to join the platform seamlessly. Kiko Live is helping to ensure that small and medium-sized enterprises have access to the digital marketplace. To know more, read the full article here >> https://lnkd.in/daHVbKnr #KikoLive #ONDC #OnlineShopping #LocalStore #Vocal4Local #KikoApp #LiveSellerEvents #NationalShoppingChains #SellOnline
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The government has informed the Parliament that the Open Network for Digital Commerce (ONDC) now has more than 5.7 Lakh sellers and service providers on the platform. In a written reply to the Rajya Sabha, Minister of State (MoS) for Electronics and Information Technology Jitin Prasada said that ONDC has 71 seller applications, 22 buyer applications, and 16 logistics service providers and there are a total of over 5.7 Lakh sellers and service providers on the network. Kiko Live is proud to be a part of the growing ONDC network, which now boasts over 5.7 lakh sellers and service providers. As a key player in this expanding digital ecosystem, Kiko Live is committed to empowering businesses across India by simplifying their transition to online commerce. With ONDC's robust platform, we are helping sellers and service providers tap into new markets, ensuring they have the tools and support needed to thrive in the digital economy. To know more read the full artcile here >> https://lnkd.in/dec-Fd5T #KikoLive #ONDC #OnlineShopping #LocalStore #Vocal4Local #KikoApp #LiveSellerEvents #NationalShoppingChains #SellOnline
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The government-backed Open Network for Digital Commerce (ONDC) scaled a fresh high of 12 million orders in July and daily orders peaked at about 430,000, said people with knowledge of the matter. About 4.4 million of the orders recorded during the month were from the mobility domain while the balance 7.6 million from non-mobility domain, they said. Kiko Live continues to play a pivotal role in the growth of ONDC, as the network hit a new milestone of 12 million orders in July. With its user-friendly platform and commitment to empowering local businesses, Kiko Live has significantly contributed to the 7.6 million non-mobility orders processed on ONDC during this period. By providing seamless integration and robust support for sellers, Kiko Live is not only helping businesses get online but also enabling them to thrive in this rapidly expanding digital marketplace. To know more, read the full article here >> https://lnkd.in/erhTrmjT #KikoLive #ONDC #OnlineShopping #LocalStore #Vocal4Local #KikoApp #LiveSellerEvents #NationalShoppingChains #SellOnline
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Open Network for Digital Commerce (ONDC) has come up with a fresh incentive structure to reward its constituent e-commerce platforms not just on the basis of order volumes, but also on the rate of order growth as the government-backed network seeks to grow daily transactions by 10 times over the next one year. With its innovative approach and commitment to enhancing the seller experience, Kiko aims to leverage this incentive program to boost its order volumes and accelerate its growth trajectory. This initiative aligns perfectly with Kiko's vision to not just grow steadily but also rapidly expand its reach, benefiting both sellers and buyers on the platform. To know more, read the full article here >> https://lnkd.in/gzYdGz2p #KikoLive #ONDC #OnlineShopping #LocalStore #Vocal4Local #KikoApp #LiveSellerEvents #NationalShoppingChains #SellOnline
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Govt Conducting Feasibility Study On Integrating E-NAM with ONDC ( Open Network Digital Commerce) Government is doing a feasibility Study to integrate all its related platforms with ONDC to ensure that larger benefits for buyers and sellers through its robust e-commerce ecosystem. Govt finds it legally and technically feasible to link eNam with ONDC .E-nam has connected 1389 mandis across the country ,this integration will help FPOs to navigate both Enam and ONDC simultaneously to buy and sell produce .ONDC has been seeing an increase in usage of transactions and seller onboarding .In monthly transaction the platform surpassed 5 millions in December It is anticipated to increase 6-8 million monthly transaction There have been 1. 5 to 2 lakh transaction everyday on average. Untill December more than 2 lakh services and product supplier were listed more than half of all the transaction on ONDC comes from the mobility industry .Food & grocery and fashion are the two main contributors to the retail industry #opennetworkdigitalcommerce
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The government-backed Open Network for Digital Commerce (ONDC) completed more than 7.1 million cumulative orders in February since its inception in January last year. Here’s a look at all the key facts and numbers of the platform that promises to democratise ecommerce. Kiko stands out as a key player enabling sellers to capitalize on this burgeoning platform. With Kiko, sellers can effortlessly manage their orders and tap into a vast customer base, driving their profits skyward. As ONDC continues to revolutionize ecommerce, Kiko remains committed to empowering sellers and fostering a thriving digital commerce ecosystem. To know more, read the full article here >> https://lnkd.in/dw5c6haY #KikoLive #ONDC #OnlineShopping #LocalStore #Vocal4Local #KikoApp #LiveSellerEvents #NationalShoppingChains #SellOnline
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How ONDC is Democratizing E-commerce? In the ever-evolving landscape of e-commerce, one significant challenge has persisted for years: the dominance of giant monopolistic marketplaces. These platforms often dictate terms, leaving smaller sellers at a disadvantage. However, a promising solution has emerged in the form of the ONDC (Open Network for Digital Commerce) network. This innovative platform is reshaping e-commerce and democratizing it, providing a level playing field for sellers across the country. A new blog from PrimeSpot India click the link to learn more; https://lnkd.in/dunWbwXv #ecommerce #blogs #primespot
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By 2030, the Indian e-commerce market size is poised to soar to a staggering USD 400 billion. Find out how Open Network for Digital Commerce (ONDC) could drive this growth by fostering digital inclusivity and embracing an open-network approach over traditional platform-centric models. Read more in our latest edition of Our Take: bit.ly/3WGLC3R #OurTake #ONDC #DigitalCommerce #TogetherWeFuture Nitin Nagpal | Ravi Kapoor
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Chartered Accountant | Mergers and Acquisitions | Transactions and Deals | Direct Tax and Regulatory Advisory | PwC | Views are personal
India Stack provides unique digital infrastructure enabling last mile delivery of services to India's population. ONDC i.e. Open Network for Digital Commerce is the next major milestone in the India Stack. Read more about ONDC's impact on eCommerce space:
By 2030, the Indian e-commerce market size is poised to soar to a staggering USD 400 billion. Find out how Open Network for Digital Commerce (ONDC) could drive this growth by fostering digital inclusivity and embracing an open-network approach over traditional platform-centric models. Read more in our latest edition of Our Take: bit.ly/3WGLC3R #OurTake #ONDC #DigitalCommerce #TogetherWeFuture Nitin Nagpal | Ravi Kapoor
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After remarkable success of UPI in India, Open Network For Digital Commerce (ONDC) is the talk of of the town. PwC India brings you an insightful article highlighting the five Es that will accelerate digital commerce in India. Have a look. #pwcindia #pwcindiasquad #ondc #digitalcommerce #ecommerce #insightfularticles
By 2030, the Indian e-commerce market size is poised to soar to a staggering USD 400 billion. Find out how Open Network for Digital Commerce (ONDC) could drive this growth by fostering digital inclusivity and embracing an open-network approach over traditional platform-centric models. Read more in our latest edition of Our Take: bit.ly/3WGLC3R #OurTake #ONDC #DigitalCommerce #TogetherWeFuture Nitin Nagpal | Ravi Kapoor
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India's e-commerce space has matured over the years drastically and with ONDC coming in, it will evolve & reach new heights. If you are a startup working in this space we would love to connect with you!! #pwcforstartups #ONDC #D2C #Indianstartupecosystem
By 2030, the Indian e-commerce market size is poised to soar to a staggering USD 400 billion. Find out how Open Network for Digital Commerce (ONDC) could drive this growth by fostering digital inclusivity and embracing an open-network approach over traditional platform-centric models. Read more in our latest edition of Our Take: bit.ly/3WGLC3R #OurTake #ONDC #DigitalCommerce #TogetherWeFuture Nitin Nagpal | Ravi Kapoor
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