Now, get insured, plan your trip, play online games and eat quality food as ONDC expands service base

  • ONDC has facilitated 7.22 million transactions in April and onboarded over 5 lakh sellers, the DPIIT secretary said.

Dhirendra Kumar
First Published17 May 2024
The ONDC network has rapidly grown and matured over the past one and a half years.
The ONDC network has rapidly grown and matured over the past one and a half years.

The government-run Open Network for Digital Commerce (ONDC) platform has expanded its services by onboarding providers across various sectors, including insurance service provider PolicyBazaar, travel service provider EaseMyTrip, and online gaming portal WinZO. This integration allows users to access a wide range of services on a single platform without incurring any additional costs, said DPIIT secretary R.K. Singh.

ONDC is a private non-profit company established by the Department for Promotion of Industry and Internal Trade (DPIIT). It is neither an application nor a software but a network for digital commerce with a mandate to bring all channel partners onto a single network for commuters to access and use the partners’ services.

The platform has already onboarded an array of food aggregators and more are set to join in the coming months, he said.

Read more: Rural demand is finally taking off. FMCG firms capitalize with strategic moves

 

The ONDC network is growing and building trust among its users. "It has facilitated 7.22 million transactions in April and onboarded over 5 lakh sellers,” Singh said, adding among the 5 lakh sellers, more than 70% are small or medium-sized sellers.

At a function organised in Delhi, over 125 stakeholders, including startups, unicorns and high-growth businesses such as EaseMyTrip, OfBusiness, WinZO, Livspace, GlobalBees, Pristyn Care, Cars24, Physics Wallah, PolicyBazaar, and Zerodha, signed letters of intent (LoI) in the presence of the DPIIT secretary. A LoI is a step before the signing of a legally binding agreement.  

The ONDC network has rapidly grown and matured over the past one and a half years, and today’s session reflects both the DPIIT’s and industry’s commitment to democratising digital commerce in India, the DPIIT secretary said.

The Union government has also brought 11 fair price shops onto the portal to extend consumer access to food items offered at government-supported shops.

Read more: Indian container cargo to grow at 8% in FY25 amid Red Sea crisis: CareEdge Ratings

 

In the pilot stage, these fair-price shops are open to all except beneficiaries of different food security schemes. These shops also distribute subsidized food grains to individuals in the below and above the poverty line categories.

The state-run portal is also attempting to create a network of last-mile service providers to make travel seamless for commuters moving within cities or even between multiple cities. Namma Yatri, a seller app for auto rickshaws in Bengaluru, developed by payment tech firm Juspay Technologies, is already on ONDC.

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
HomeIndustryNow, get insured, plan your trip, play online games and eat quality food as ONDC expands service base

Most Active Stocks

Zee Entertainment Enterprises

151.85
08:47 AM | 27 JUN 2024
-3.75 (-2.41%)

Indus Towers

356.00
08:47 AM | 27 JUN 2024
-0.15 (-0.04%)

Indian Oil Corporation

162.80
08:47 AM | 27 JUN 2024
-1.5 (-0.91%)

Bharat Electronics

302.50
08:47 AM | 27 JUN 2024
-4.35 (-1.42%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Mazagon Dock Shipbuilders

4,422.55
08:45 AM | 27 JUN 2024
341.55 (8.37%)

Whirlpool Of India

1,985.65
08:44 AM | 27 JUN 2024
148.75 (8.1%)

India Cements

282.90
08:44 AM | 27 JUN 2024
19.95 (7.59%)

Manappuram Finance

210.00
08:45 AM | 27 JUN 2024
13.55 (6.9%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    72,977.00-699.00
    Chennai
    72,835.00-1,128.00
    Delhi
    73,120.00-412.00
    Kolkata
    73,120.00-484.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.98/L0.23
    Kolkata
    103.94/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsloanPremiumGet App