Latest news with #ManiBhushan
Fashion Network
a day ago
- Business
- Fashion Network
Ekart debuts on ONDC to bolster logistics capabilities
Logistics and supply chain provider Ekart has joined the Open Network for Digital Commerce, marking a key milestone in the growth of Indian logistics infrastructure. By integrating with the e-commerce ecosystem, brands of all sizes can access Ekart's nationwide logistics capabilities. By onboarding Ekart, the network strengthens its logistics offerings, a move aligned with ONDC's broader strategy to rapidly scale e-commerce logistics, ONDC announced in a press release. With its wide delivery footprint, technology-driven fulfilment, and operational depth, Ekart brings reliability and reach to sellers across sectors including fashion and lifestyle, direct to customer, fast moving consumer goods, and beauty and personal care. 'This integration marks a significant step in democratising access to world-class logistics," said ONDC's acting CEO and COO Vibhor Jain in a press release. "Ekart's scale and operational depth bring vital logistics capacity to the ONDC.' For sellers, this means simplified access to pan-India delivery services via a single interface, supporting efficient order fulfilment across all serviceable pincodes. The move is expected to enhance service quality and offer a more inclusive commerce model for businesses of all sizes, especially micro, small, and medium enterprises. 'With this integration, Ekart brings to the table nationwide reach, deep logistics expertise, and a strong commitment to service excellence," said Ekart's chief business officer Mani Bhushan. "Together with ONDC Network, we look forward to empowering businesses, MSMEs with greater access, efficiency, and growth opportunities.'
Economic Times
3 days ago
- Business
- Economic Times
Ekart goes live on ONDC Network for ecommerce logistics
Ecommerce major Flipkart's logistics arm Ekart has now gone live on the government-backed ecosystem for ecommerce Open Network for Digital Commerce (ONDC) Network. 'With this integration, Ekart brings to the table nationwide reach, deep logistics expertise, and a strong commitment to service excellence,' Mani Bhushan, chief business officer, Ekart, said in a press release. 'Together with ONDC Network, we look forward to empowering businesses, MSMEs with greater access, efficiency, and growth opportunities.' Through this integration, Ekart will expand its pan-India presence to reach sellers and brands ranging from MSMEs to large enterprises.'Ekart's scale and operational depth bring vital logistics capacity to the ONDC Network, reinforcing our commitment to building an open, interoperable infrastructure that empowers sellers and merchants to grow without logistical constraints,' Vibhor Jain, acting CEO and COO at ONDC, said in the statement. This development comes at a time when the ONDC Network is focusing on rapidly scaling e-commerce logistics on its platform following a drop in retail orders. In February this year, ONDC's retail orders (comprising e-commerce, grocery and food delivery) dropped to 4.6 million from a peak of 6.5 million in October last year. The drop in orders was seen after the incentive payouts by the network to its participants were reduced. Participants such as Magicpin, Paytm, Ola Consumer and other smaller players use these funds to offer discounts to their customers, which helps them onboard platform initially provided financial incentives to onboard sellers, drive transactions, and fund customer discounts and offers. However, gradually this assistance reduced from Rs 3 crore in July last year to Rs 30 lakh in March this year.
Time of India
3 days ago
- Business
- Time of India
Ekart goes live on ONDC Network for ecommerce logistics
Live Events Ecommerce major Flipkart 's logistics arm Ekart has now gone live on the government-backed ecosystem for ecommerce Open Network for Digital Commerce (ONDC) Network.'With this integration, Ekart brings to the table nationwide reach, deep logistics expertise , and a strong commitment to service excellence,' Mani Bhushan, chief business officer, Ekart, said in a press release. 'Together with ONDC Network , we look forward to empowering businesses, MSMEs with greater access, efficiency, and growth opportunities.'Through this integration, Ekart will expand its pan-India presence to reach sellers and brands ranging from MSMEs to large enterprises.'Ekart's scale and operational depth bring vital logistics capacity to the ONDC Network, reinforcing our commitment to building an open, interoperable infrastructure that empowers sellers and merchants to grow without logistical constraints,' Vibhor Jain, acting CEO and COO at ONDC, said in the development comes at a time when the ONDC Network is focusing on rapidly scaling e-commerce logistics on its platform following a drop in retail orders In February this year, ONDC's retail orders (comprising e-commerce, grocery and food delivery) dropped to 4.6 million from a peak of 6.5 million in October last drop in orders was seen after the incentive payouts by the network to its participants were reduced. Participants such as Magicpin Paytm , Ola Consumer and other smaller players use these funds to offer discounts to their customers, which helps them onboard platform initially provided financial incentives to onboard sellers, drive transactions, and fund customer discounts and offers. However, gradually this assistance reduced from Rs 3 crore in July last year to Rs 30 lakh in March this year.
