Publication - The Hindu Business Line
Edition - Online
T Koshy, Chief Executive Officer for the Open Network of Digital Commerce, expects India’s e-commerce platform to hit 100,000 transactions per day, for retail and food delivery, by January next year. ONDC is India’s attempt to break the monopoly of e-commerce giants like Amazon and Flipkart, by promoting open networks for local commerce. Businesses of all kinds can integrate into ONDC’s to access buyers, sellers and delivery partners needed for e-commerce. Speaking at the sidelines of the Global Fintech Fest, Koshy told businessline that ONDC is doing 40,000 retail transactions at peak presently.
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ONDC retail business could hit 100,000 transactions by January: T Koshy
T Koshy, CEO of ONDC, expects India’s e-commerce platform to hit 100K transactions/day by Jan 2021. ONDC promotes open networks for local commerce, with 68K merchants on its network. Mobility business surpassing retail, with FMCG companies joining.
BusinessLine
