ONDC FOOD DELIVERY

Stock brokers push lending; InsuranceDekho’s latest acquisition

Happy Tuesday! Tech-first broking companies are looking to diversify into the credit business to build a larger financial services play. This and more in today’s ETtech Morning Dispatch.

Food delivery companies lean on existing users for growth

In light of a slowdown in new user signups, Zomato and Swiggy are implementing strategies to increase order frequency among their existing customer base. This approach aims to drive growth despite the challenges in user acquisition.

Online eats into offline; Agnikul defers rocket launch

The rapid adoption of quick commerce and food delivery apps is eating into the sales of retail, and quick service restaurants. This and more in today’s ETtech Top 5.

Zomato, Swiggy Instamart clock record orders on Mother's Day, beat New Year's Eve numbers

On Mother's Day, quick commerce and food delivery platforms saw high demand for gift items like flowers, handbags and chocolates.

Paytm app launches auto-rickshaw booking feature via ONDC

Paytm introduces auto-rickshaw booking on its app through ONDC and Namma Yatri for users in NCR, Bengaluru, and Chennai. ONDC tab includes food, groceries, and rides. Pai Platforms facilitates the service with significant mobility transactions.

Uber ups hyperlocal deliveries as quick commerce takes off

Delivers prepaid items from kirana stores; offers service in NCR, Bengaluru, Chennai, Hyderabad, Jaipur, Lucknow, Kolkata, Guwahati and Ludhiana

Uber’s hyperlocal push; Paytm Bank’s bill pay biz transferred

Happy Thursday! Ride-hailing platform Uber is strengthening its hyperlocal deliveries from neighbourhood stores. This and more in today’s ETtech Morning Dispatch.

ONDC’s first buyer side logistics app to fix a big gripe

MP2 Innovations, led by Mahesh Herle, enhances ONDC by providing a seamless logistics solution for ecommerce players, aiming to address operational challenges and improve delivery experience. Integration with major ecommerce platforms is crucial for ONDC's growth.

Innovaccer’s new funding round; ONDC’s logistics push

Happy Thursday! SaaS startup Innovaccer is in discussions to raise funding at a flat valuation of $3 billion. This and more in today’s ETtech Morning Dispatch.

Government push to help ONDC get shopfront on ecommerce sites

The Centre has asked Amazon and Flipkart to set up Open Network for Digital Commerce (ONDC) storefronts on their home pages to help the government-backed network scale up operations and assist with deliveries, said executives aware of the development. The aim is to boost operations and order efficiencies as well as iron out glitches and delays on ONDC, they said.

PhonePe’s Pincode exits non-food categories in ecommerce business rejig

PhonePe is restructuring its ONDC strategy by exiting several non-food categories. The Walmart-owned company unveiled its ecommerce venture Pincode on ONDC in 2023 offering grocery, food delivery, medicines, fashion and electronics among other categories on the network.

PhonePe retreats from ecommerce on ONDC; Good Glamm versus IAN

PhonePe has returned to the drawing board to review its ecommerce strategy. This and more in today’s ETtech Top 5.

Ola eyes grocery and fashion foray on ONDC

Ola expands e-commerce via ONDC, adding groceries and fashion. Uber may use ONDC for diversification. Ola sees profitability with Rs 250 crore Ebitda in FY23, revenue grows 58%, loss reduces 65%.

Fundamental Radar I Long-term growth prospects for Zomato intact despite ONDC entry, says Sneha Poddar

Domino’s Pizza expands reach with ONDC entry

Sameer Khetarpal, managing director at JFL said the partnership with the ONDC Network is a “significant milestone and step forward” for Domino’s. T Koshy, managing director at ONDC said Domino’s joining ONDC “is a significant development with the potential to create ripple effects for the foods and beverages category on Open Network.

Magicpin food delivery order doubles to 10 lakh on ONDC during World Cup

​​Magicpin said that it delivered 35,000 food orders during the India versus Pakistan match on October 14. The orders peaked at 50,000 on a single day during the India versus Australia match.

Ola joins ONDC with food-delivery plugin

The Bengaluru-based startup has begun piloting with ONDC since August with an ‘ONDC Food’ feature newly embedded within the Ola app, multiple sources have told ET. The feature is currently in pilot phase and is open to Ola employees only.

Explained: ONDC vs Zomato-Swiggy and what it means for the food-delivery space

Menu items from major food chains, including McDonald’s, Taco Bell, Behrouz Biryani, Wow Momo, Pizza Hut and Cafe Coffee Day, are available at a 30-80% discount on ONDC platforms such as Paytm and Magicpin compared to Swiggy and Zomato.

ONDC food order: What is it and how to place an order

One can now order food on Open Network for Digital Commerce (ONDC) platform

ONDC benefits may not be enough to offset Zomato, Swiggy scale: Jefferies

It is unsustainable for ONDC-enabled apps to offer higher discounts or lower delivery charges in the absence of the incentives funded by the platform, the brokerage noted. ONDC itself would take time to become viable, it added.

ONDC a threat to Zomato only if it scales up meaningfully, says Motilal Oswal

Motilal Oswal has reiterated a "Buy" rating on Zomato stock, claiming it has found "no evidence" of an adverse impact from the Open Network for Digital Commerce (ONDC) on the food delivery app. BofA Securities has taken a more cautious "Neutral" stance, setting a price target of INR72 ($0.96). Though warning ONDC could become a significant risk if it continues to scale up it may still "serve as a key platform in the food delivery space". In contrast, the high-end users who prefer speedy service on Zomato and Swiggy are not particularly price-sensitive.

ONDC logs slow ecommerce uptake, snags may hit expansion

Electronics, fashion items, smartphones and others are considered broadly the key drivers of online sales across marketplaces. While ONDC, as a network, has scaled to about 20,000 daily orders from around 1,000 in March, 97-98% of the orders have been for hyperlocal deliveries of food and grocery.

Ditching Swiggy, Zomato? How to order food from ONDC