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Informative

ONDC Records 10 Mn Transactions In June, Retail Vertical Crosses 6 Mn: Report

Update / Judgement Date

08 Jul 2024

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Start-Up & DPIIT

As per the report, a majority of this incremental growth has been driven by retail, with non-mobility orders surpassing 6 Mn transactions in June, up from 3.6 Mn in March.\r


The report further added that ONDC has reduced order volume-linked financial incentives for network participants by as much as 75% starting from the second quarter of this fiscal year.\r


ONDC is an open protocol-based network to enable local commerce across multiple segments, including grocery and mobility among others.