The Open Network for Digital Commerce (ONDC) hit a new daily record of 35,000 retail orders on July 9, with Delhi-NCR surpassing Bengaluru in terms of order volume, Moneycontrol reported. Delhi-NCR contributed around 11,000 orders, while Bengaluru added over 7,000.
City-wise Order Volumes
Following Delhi-NCR and Bengaluru, the next three cities in terms of order numbers were Mumbai, Hyderabad, and Pune, each logging order volumes in the range of 2,500-3,000. The retail orders primarily include food and grocery, with the former accounting for the majority of orders on the government-backed interoperable network. ONDC is gearing up to hit 200,000 retail and mobility transactions a day by the end of the year.
ONDC’s Expansion into B2B Transactions
ONDC last month introduced business-to-business (B2B) transactions on its platform, allowing businesses to connect directly with other businesses for wholesale trade. This move is aimed at helping businesses overcome challenges and take advantage of B2B commerce opportunities, potentially allowing them to reach more customers, form new partnerships, and explore new markets. The first B2B transaction on the network took place on May 21, marking a significant milestone for the platform.
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Impact on Small and Medium-Sized Enterprises (SMEs)
With the integration of B2B buyer and seller platforms on the ONDC, companies like retail tech company SignCatch and B2B trade platform Rapidor aim to streamline transactions between buyers and sellers, particularly benefiting small and medium-sized enterprises (SMEs). This shift to the open network is expected to help businesses transition from mostly offline operations to online, unlocking new growth opportunities.
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