START-UPS JOIN ONDC; MONTHLY VOLUMES SURPASS 7 MILLION
Why in the news?
- ONDC Ltd., operating the Open Network for Digital Commerce, has signed letters of intent with 125 start-ups.
- Notable start-ups include EaseMyTrip, Livspace, Pristyn Care, Cars24, and PolicyBazaar.
- These start-ups are committed to joining the ONDC platform.
source:slideshare
About E-commerce :
- E-commerce entails buying and selling goods or services via the internet.
- India’s e-commerce market is projected to reach US$ 200 billion by 2026.
- India ranks 8th globally in e-commerce market size as of 2023.
- E-commerce involves digital transactions and utilises technologies like mobile commerce and electronic funds transfer.
- It encompasses various aspects including supply chain management, internet marketing, and online transaction processing.
About the Open Network for Digital Commerce ONDC:
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