Open Network for Digital Commerce

  • 18 May 2024

On 17th May, 2024, the DPIIT announced that Open Network for Digital Commerce (ONDC) recorded over 70 lakh transactions, showcasing significant growth in democratizing digital commerce.

  • ONDC reported over 70 lakh transactions in April 2024, indicating robust growth and adoption of the digital commerce platform.
  • Over 5 lakh sellers are now part of the ONDC network, with more than 70% being small or medium-sized enterprises.
  • More than 125 ecosystem stakeholders, including startups and unicorns, have signed Letters of Intent (LoI) to join ONDC.
  • Startups are crucial in the ONDC ecosystem, driving innovation, fostering competition, and enhancing consumer choice.
  • The ONDC platform addresses challenges faced by startups in creating and discovering markets, lowering entry barriers to digital commerce.
  • The not-for-profit ONDC entity, under Section 8 of the Companies Act 2013, manages and operates the network, maintaining infrastructure and defining rules of engagement.