SELLERAPP
Is ONDC’s gamble paying off?
The ambitious project has gained visible traction through the past year. But what are the challenges that must be addressed before it truly democratises web commerce?
Coca-Cola onboards ONDC, launches Coke Shop marketplace
Coca-Cola has joined the Open Network for Digital Commerce (ONDC) through SellerApp, providing data-driven insights and market intelligence. The company has launched its own marketplace, the Coke Shop, exclusively on the ONDC platform. The Coke Shop marketplace model will benefit retailers by providing a new channel for selling products and facilitating multiple touchpoints for consumers.
Offshore egaming apps try no-GST ploy to woo users; Binny Bansal’s Curefoods push
Offshore entities of Indian real money gaming apps are trying to lure customers with social media ads, promising their bets won’t be taxed under the 28% slab of the Goods and Services tax (GST). This and more in today’s ETtech Morning Dispatch.
ONDC seller apps seek unique ID for network’s vendors
Seeing the same store being listed multiple times on the buyer app is not a great experience from a user perspective, they say.
Flipkart Ventures to invest in five early-stage startups
The Flipkart Leap Ahead programme strives to promote innovation and assist entrepreneurs in their endeavours. It offers entrepreneurs the tools to excel in their fields and make a positive impact on the ecosystems in which they operate.
Early-stage VC fund Antler India launches ONDC-focused platform for founders with FIDE, Nandan Nilekani
The platform is also offering “pre-team” and “pre-idea” founders the opportunity to work with operators and network participants such as Namma Yatri, Plotch.ai, SellerApp, Magicpin.
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Paytm may forego buyer app commission on ONDC: sources
This may help to further reduce the price on the open source network that is already challenging the duopoly of Swiggy and Zomato in the food delivery space.
Mobility drives highest number of transactions on ONDC: CEO Thampy Koshy
The network has facilitated 22,000 transactions so far till March 31. While retail accounts for 16,220 transactions, mobility (excluding Namma Yatri) accounts for 5,795 transactions owing to the Kerala Open Mobility Network (KOMN).
ONDC onboards Shiprocket to expand to intercity deliveries
Walmart-owned e-commerce marketplace Flipkart’s logistics arm eKart is also expected to go live on ONDC next week
ONDC to open to public in select Delhi areas next month
This is following its launch across 16 pin codes in Bengaluru on September 30. According to network participants, electronics, fashion, and home decoration segments too will be opened to the public by the end of this year
TCS net profit up 8.4% in Q2, Paytm sees uptick on lending
Tata Consultancy Services kicked off earnings season for India’s information technology sector on Monday evening, reporting an 18% on-year jump in revenue and an 8.4% increase in net profit in the September quarter. Wipro and HCL Tech will declare their results on Wednesday, followed by Infosys on Thursday.
ONDC starts beta testing with consumers in 16 pin codes of Bengaluru
The objective of the beta test is to allow consumers to experience the network for the first time and gather feedback which will help further refine the network before a pan-India roll-out.
Many more apps to join ONDC platform in coming weeks
"ONDC is a government's startup. We are now in the process of validating some of the processes and technologies. 20 more apps will come this week," Additional Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Anil Agarwal told reporters in New Delhi.
Ahead of going live in Bengaluru, ONDC participants huddle
To begin with, consumers in the IT capital will be able to buy groceries, food and beverages online from about 70 sellers on the platform who can be discovered through four customer-facing apps-- Paytm Mall, IDFC FIRST Bank, Kotak Mahindra Bank, and PhonePe.
ONDC charts new strategy as it races against time to meet deadline
ONDC, the government-backed e-commerce platform, has put in place both a horizontal as well as a vertical growth strategy to scale up. Currently, ONDC is live in categories including grocery, food and beverage, and home and décor.
Flipkart's venture arm to invest in six startups
Flipkart’s investment is under its Flipkart Leap Ahead programme.
Yes Bank partners with SellerApp to facilitate adoption of ONDC
ONDC, led by Koshy, is onboarding partners on both buyer and seller side as it had announced plans to be in 75 cities this month and expand into categories like electronics, fashion and others.
Govt’s open ecommerce network not as easy to execute as UPI: Jefferies
Equity research firm Jefferies said in a recent report that compared to ONDC, the issues that the digital payments railroad, Unified Payments Interface (UPI), had faced were simpler.
India launches pilot phase of open e-commerce network
The initiative is also aimed at curbing the dominance of two large multinational e-commerce players, which control more than half of the country's e-commerce trading, limit access to the market, and give preferential treatment to certain sellers and squeeze supplier margins.
Amazon's India chief tells team to turn off work email at night
Amit Agarwal counseled colleagues to stop responding to emails or work calls between 6 pm and 8 am.
Paytm introduces Hindi interface on its app to expand seller base
The interface will also help the marketplace scale-up its online-to-offline business for shipping large appliances and electronics beyond the current base of 10 cities.
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