Latest news with #ONDC
Economic Times
9 hours 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
9 hours 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.
Business Standard
15 hours ago
- Business
- Business Standard
Mystore Unveils Mystore Genie, an AI Agent Built On Google Cloud to Supercharge ONDC Network Buyer Journeys
PRNewswire Gurugram (Haryana) [India], June 3: Mystore®, the first ONDC Network-connected marketplace, has launched Mystore Genie, an advanced AI Agent designed to transform how buyers discover and shop for products on the open network. Built on Google Cloud's Agentic AI framework, Mystore Genie empowers buyers with intuitive, conversational voice and text search capabilities that drive precise product discovery, making ordering easier and enabling sellers and brands to increase conversions through better product match accuracy. Unlike a generic chatbot, Mystore Genie goes beyond simple query handling. It leverages AI to understand search commands and user intent, delivering highly relevant, context-aware results in real time. This seamless conversational experience simplifies product discovery for buyers while boosting visibility and sales for sellers across the ONDC network. Mystore Genie's agentic capabilities also open new possibilities for enterprise brands across industries. This powerful AI model can be tailored into a sector-specific AI Agent for domains such as agriculture, banking, FMCG, automotive, and service-based industries, helping enterprises build intelligent digital touchpoints for enhanced customer engagement and operational efficiency. For a diverse country like India, with vast aspirational markets in Tier II-III cities and millions of first-time digital users, Mystore Genie can be a game-changing solution that simplifies product discovery for those less familiar with traditional internet search. Here's how Mystore's AI Agent, Mystore Genie, adds value to ONDC Network-connected brands and buyers: * Delivers intelligent, conversational product search that accurately matches buyer intent to available products. * Enhances buyer experience with a natural, interactive chat interface with product images and pricing that drives faster decisions and higher engagement. * Reduces friction in ordering by simplifying product discovery and narrowing results based on context and preferences. * Supports voice commands for adding to cart, changing address and placing purchases instantly. * Increases conversions by showing granularly matched results, improving product visibility for sellers. * Built on the Gemini Agentic AI framework by Google, offers a robust and scalable conversational AI backbone. * It can be customised into dedicated Agents for diverse sectors and help brands reach target audiences better for sectors like AgriTech, Banking, Retail, Services, and more, enabling smart, domain-specific automation. "We have entered the Agentic AI era, and I am enthusiastic about the innovative applications our customers are developing and utilising with our AI models. Our partnership with ONDC and Mystore will significantly improve the interaction between buyers and sellers on the ONDC platform, ultimately expanding access to technology for Indians nationwide," said Mr. Bikram Singh Bedi, Vice President and Country MD at Google Cloud India. Highlighting the future-ready potential of Mystore Genie, Mr. Rajiv Kumar Aggarwal, CEO & Founder, Mystore, said, "We are at the cusp of a generational shift where AI will fundamentally redefine how commerce is discovered, accessed, and experienced. With Mystore Genie, built on Google Cloud's Agentic AI framework, we are not just enhancing search, we are reimagining digital interaction for a billion-plus population. This marks the beginning of truly inclusive, conversational commerce for India's vast aspirational and underserved markets. In the coming years, intelligent, sector-specific agents like Mystore Genie will become the primary digital interface across industries, bridging the digital divide, driving economic participation and shaping the next era of growth for enterprises." About Mystore Mystore® is an ONDC-connected marketplace that offers an unparalleled Ecommerce Ecosystem, enabling Enterprises and SMEs to leverage the ONDC network to accelerate their growth. Mystore specialises in setting up dealer-network-based Quick Commerce Marketplaces for brands in record time. With its AI-enabled ecommerce solutions for smart selling (using Mystore Seller App) and buying (through the Mystore Buyer App), Mystore empowers businesses to enhance discoverability, personalise experiences, and drive growth through the ONDC Network. Mystore's cutting-edge ecommerce solutions are built on MystoreNEXT (formerly StoreHippo®) - the leading enterprise ecommerce platform powering top enterprise brands across the globe for 10 years. Mystore enables hyperlocal businesses, SMEs, D2C brands, and Enterprises to join the ONDC Network ecosystem and explore the vast Indian markets. Proudly Made in Bharat and Built for Bharat, Mystore champions inclusivity by enabling regional sellers, local businesses, and digitally underserved communities to participate meaningfully in the Indian ecommerce ecosystem. Built on next-gen technology, PCI-DSS, SOC2, and ISO/IEC 27001 compliant, Mystore offers a level-playing field and 360-degree ecommerce solutions to businesses irrespective of their size and industry vertical. About ONDC: Incorporated on 31st December 2021, Open Network for Digital Commerce (ONDC), a Section 8 company, is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India to create a facilitative model that revolutionizes digital commerce, giving greater thrust to penetration of retail e-commerce in India. ONDC is not an application, platform, intermediary, or software but a set of specifications designed to foster open, unbundled, and interoperable Open Networks. Logo:
Yahoo
19 hours ago
- Business
- Yahoo
Mystore Unveils Mystore Genie, an AI Agent Built On Google Cloud to Supercharge ONDC Network Buyer Journeys
GURUGRAM, India, June 3, 2025 /PRNewswire/ -- Mystore®, the first ONDC Network-connected marketplace, has launched Mystore Genie, an advanced AI Agent designed to transform how buyers discover and shop for products on the open network. Built on Google Cloud's Agentic AI framework, Mystore Genie empowers buyers with intuitive, conversational voice and text search capabilities that drive precise product discovery, making ordering easier and enabling sellers and brands to increase conversions through better product match accuracy. Unlike a generic chatbot, Mystore Genie goes beyond simple query handling. It leverages AI to understand search commands and user intent, delivering highly relevant, context-aware results in real time. This seamless conversational experience simplifies product discovery for buyers while boosting visibility and sales for sellers across the ONDC network. Mystore Genie's agentic capabilities also open new possibilities for enterprise brands across industries. This powerful AI model can be tailored into a sector-specific AI Agent for domains such as agriculture, banking, FMCG, automotive, and service-based industries, helping enterprises build intelligent digital touchpoints for enhanced customer engagement and operational efficiency. For a diverse country like India, with vast aspirational markets in Tier II-III cities and millions of first-time digital users, Mystore Genie can be a game-changing solution that simplifies product discovery for those less familiar with traditional internet search. Here's how Mystore's AI Agent, Mystore Genie, adds value to ONDC Network-connected brands and buyers: Delivers intelligent, conversational product search that accurately matches buyer intent to available products. Enhances buyer experience with a natural, interactive chat interface with product images and pricing that drives faster decisions and higher engagement. Reduces friction in ordering by simplifying product discovery and narrowing results based on context and preferences. Supports voice commands for adding to cart, changing address and placing purchases instantly. Increases conversions by showing granularly matched results, improving product visibility for sellers. Built on the Gemini Agentic AI framework by Google, offers a robust and scalable conversational AI backbone. It can be customised into dedicated Agents for diverse sectors and help brands reach target audiences better for sectors like AgriTech, Banking, Retail, Services, and more, enabling smart, domain-specific automation. "We have entered the Agentic AI era, and I am enthusiastic about the innovative applications our customers are developing and utilising with our AI models. Our partnership with ONDC and Mystore will significantly improve the interaction between buyers and sellers on the ONDC platform, ultimately expanding access to technology for Indians nationwide," said Mr. Bikram Singh Bedi, Vice President and Country MD at Google Cloud India. Highlighting the future-ready potential of Mystore Genie, Mr. Rajiv Kumar Aggarwal, CEO & Founder, Mystore, said, "We are at the cusp of a generational shift where AI will fundamentally redefine how commerce is discovered, accessed, and experienced. With Mystore Genie, built on Google Cloud's Agentic AI framework, we are not just enhancing search, we are reimagining digital interaction for a billion-plus population. This marks the beginning of truly inclusive, conversational commerce for India's vast aspirational and underserved markets. In the coming years, intelligent, sector-specific agents like Mystore Genie will become the primary digital interface across industries, bridging the digital divide, driving economic participation and shaping the next era of growth for enterprises." About Mystore Mystore® is an ONDC-connected marketplace that offers an unparalleled Ecommerce Ecosystem, enabling Enterprises and SMEs to leverage the ONDC network to accelerate their growth. Mystore specialises in setting up dealer-network-based Quick Commerce Marketplaces for brands in record time. With its AI-enabled ecommerce solutions for smart selling (using Mystore Seller App) and buying (through the Mystore Buyer App), Mystore empowers businesses to enhance discoverability, personalise experiences, and drive growth through the ONDC Network. Mystore's cutting-edge ecommerce solutions are built on MystoreNEXT (formerly StoreHippo®) - the leading enterprise ecommerce platform powering top enterprise brands across the globe for 10 years. Mystore enables hyperlocal businesses, SMEs, D2C brands, and Enterprises to join the ONDC Network ecosystem and explore the vast Indian markets. Proudly Made in Bharat and Built for Bharat, Mystore champions inclusivity by enabling regional sellers, local businesses, and digitally underserved communities to participate meaningfully in the Indian ecommerce ecosystem. Built on next-gen technology, PCI-DSS, SOC2, and ISO/IEC 27001 compliant, Mystore offers a level-playing field and 360-degree ecommerce solutions to businesses irrespective of their size and industry vertical. About ONDC: Incorporated on 31st December 2021, Open Network for Digital Commerce (ONDC), a Section 8 company, is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India to create a facilitative model that revolutionizes digital commerce, giving greater thrust to penetration of retail e-commerce in India. ONDC is not an application, platform, intermediary, or software but a set of specifications designed to foster open, unbundled, and interoperable Open Networks. Logo: View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Indian Express
2 days ago
- Politics
- Indian Express
express editorial
Express View on Martha Stewart on the Sports Illustrated cover: Age is just a number May 17, 2023 7:26 am Putting 81-year-old Stewart on the cover sends out an especially powerful message against the unconscious — or even conscious — ageist bias that exists in industries such as beauty, fashion and entertainment Express View on government's Open Network for Digital Commerce: An audacious idea May 17, 2023 7:19 am If ONDC is to 'help our small retail survive the onslaught of large tech-based e-commerce companies', it will have to do better than them or even what UPI did in payments. And it should definitely not burn the money of taxpayers or public financial institutions Express View: Terror strike in Poonch flags challenges at the LOC April 22, 2023 7:15 am New Delhi needs to keep up the heat on Islamabad while firewalling diplomatic events from falling hostage to purveyors of terrorism Express View: A campus that is safe and free April 19, 2023 7:27 am It must provide an enabling environment for students. Ensuring security should not be at the cost of their freedoms. Express View: In Media One verdict, SC does some much-needed plain-speaking on national security April 07, 2023 7:07 am In this instance, as in so many others, the Supreme Court has moved the needle for greater openness and more freedom, without which both justice and democracy are incomplete. Indian Express editorial on The Wire story and the police raids: A tale of two November 05, 2022 10:46 am Those in power out to delegitimise a free press. And a newsroom that put self-righteousness above rigour. Questions on Morbi bridge collapse must be answered – for the sake of ensuring accountability and for drawing lessons for the future November 01, 2022 9:12 am Providing relief is just the starting point. The bigger concern should be to understand why the bridge collapsed just four days after it was reopened. This is important for the sake of ensuring accountability and also for drawing lessons for the future. Standoff involving President's office, executive and judiciary triggers a constitutional crisis in Nepal September 23, 2022 10:48 pm The Kathmandu meltdown underlines the failure of Nepal's political class to manage the sweeping changes that came about after the 2008 abolition of the monarchy The return of cinemas marks a new beginning in Kashmir September 22, 2022 5:45 am For the ordinary people of Kashmir, many of whom have grown up without having watched a single film on the big screen, the promise of these miracles — taken for granted by millions around the world — is a hopeful start Alone together: The story of a Japanese man earning by simply being there for others speaks of a loneliness that won't be easily fixed September 08, 2022 8:10 am That so many are willing to pay for the companionship that, in a less disconnected world, would be freely available, speaks of a profound malaise Load More
