More than 70 lakh transactions on ONDC platform in April: DPIIT

More than 70 lakh transactions on ONDC platform in April: DPIIT

Daily Current Affairs / More than 70 lakh transactions on ONDC platform in April: DPIIT

Change Language English Hindi

Category : Business and economics Published on: May 20 2024

Share on facebook

The Open Network for Digital Commerce (ONDC) experienced significant growth in April, with transactions surpassing 70 lakh (7 million).
Launched in 2021, ONDC aims to democratize digital commerce in India by lowering entry barriers and fostering competition.
Over 5 lakh sellers have been onboarded, with more than 70% being small or medium-sized enterprises (SMEs).
The platform's influence is further evidenced by over 125 ecosystem stakeholders, including startups and unicorns, signing Letters of Intent (LoI) to join.
Startups are crucial in driving innovation and competition within the ONDC ecosystem. Joint Secretary of DPIIT, Sanjiv Singh, highlighted the importance of startups in enhancing consumer choice and contributing to the initiative's momentum.
Over 125 startups have committed to joining the ONDC network, showcasing their enthusiasm for using the platform to innovate and expand their market presence.

Recent Post's

Anandkumar Velkumar created history by winning India’s first-ever gold medal in speed skating at the Speed Skating World Championships 2025 held in Beidaihe, China.
Read More....
Prime Minister Narendra Modi launched the Swasth Nari, Sashakt Parivar Abhiyaan, focused on the health of women, children, and families.
Read More....
Union Home Minister Amit Shah inaugurated India’s largest and most advanced Veer Savarkar Sports Complex in Ahmedabad.
Read More....
South Korea, USA and Japan launched their five-day trilateral exercise Freedom Edge 2025 in waters near Jeju Island.
Read More....
Carlos Felipe Jaramillo from Colombia has been appointed as the World Bank’s Vice President for the East Asia and Pacific Region.
Read More....
Muzaffarpur (Bihar) claimed first place in the INSPIRE Award 2025, with 7,403 students presenting innovative ideas.
Read More....
At the 2025 Emmy Awards, The Pitt won Best Drama Series, The Studio won Best Comedy Series and Adolescence won Best Limited Series, while actors were also honored.
Read More....
Prime Minister Narendra Modi inaugurated the National Makhana Board in Purnia, Bihar.
Read More....
In India, Engineers’ Day is celebrated on 15 September to honor Sir Mokshagundam Visvesvaraya.
Read More....
According to a NITI Aayog report, AI adoption could add $500-600 billion to India’s GDP by 2035.
Read More....