Latest news with #VibhorJain
Fashion Network
5 days 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
7 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
7 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.
Indian Express
16-05-2025
- Business
- Indian Express
Delhi Metro tickets now available on more than 10 popular apps. Here's the list.
Travellers can now book Delhi Metro tickets through more than 10 widely-used apps, including Google Maps, redBus, Rapido, EaseMyTrip, and Namma Yatri, following the Delhi Metro Rail Corporation's (DMRC) integration with the Open Network for Digital Commerce (ONDC). The service is also available on Chartr, Highway Delite, OneTicket, Tummoc, Yatri Railways, and a Telegram bot operated by Miles & Kilometres. Vikas Kumar, Managing Director, DMRC, Thursday said, 'This partnership with ONDC is part of our effort to simplify metro travel and bring it into the digital spaces people already use every day.' 'By offering ticketing through multiple familiar apps, we are removing the friction that often comes with transit access,' he added. According to a DMRC spokesperson, this integration is the first such large-scale rollout by an urban transit system in India and marks a step towards building open, interoperable digital infrastructure for mobility. DMRC went live on the ONDC Network in November 2024 in a soft launch. Enabled through a single-point integration, the ticketing system allows metro journeys to be planned alongside inter-city or local transport. For instance, a traveller arriving by bus from Jaipur to ISBT Kashmere Gate can now book both their bus and metro ticket via redBus. Similarly, users of the Rapido app can plan a bike ride to the metro station, book the metro journey, and then complete the last leg via the same app. 'The integration of DMRC into the ONDC Network illustrates how open digital ecosystems can enable broader, more seamless access to public services,' said Vibhor Jain, Acting Chief Executive Officer and Chief Operating Officer, ONDC. 'By connecting once to the Network, DMRC can now offer ticketing across a range of everyday apps without needing custom integrations for each one,' he added. The DMRC spokesperson emphasised that this collaboration aligns with the metro's broader digital vision of simplifying the commuter experience while expanding its service footprint.
Entrepreneur
14-05-2025
- Business
- Entrepreneur
ONDC Strengthens Leadership with Vibhor Jain as Acting CEO
After Thampy Koshy stepped down on April 10 following a three-year tenure, an executive committee—including Vibhor Jain—assumed interim leadership responsibilities, reporting to the ONDC board until June. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The Open Network for Digital Commerce (ONDC) has named Vibhor Jain as its acting CEO, effective immediately, as the government-backed ecommerce network continues its search for a permanent chief executive. Jain, who was part of ONDC's executive committee following the exit of former MD and CEO Thampy Koshy on April 10, will now lead the organisation during this interim phase. Koshy had served a three-year tenure before stepping down, with responsibilities temporarily managed by a board-appointed executive committee until June. "The Executive Committee has done a commendable job of guiding ONDC during a critical phase of its journey. However, with several key strategic decisions underway, it is imperative to have a single point of leadership to drive cohesive execution. Vibhor has played a pivotal role in shaping ONDC's operational framework, and the Board has full confidence in his ability to lead the organisation during this important transition," said Suresh Sethi, Board Member, ONDC. The leadership reshuffle follows the earlier departure of Shireesh Joshi, the network's former chief business officer. ONDC, designed to democratise digital commerce, connects sellers and buyer apps across sectors like mobility, food delivery, logistics, ecommerce, and fashion. As of March, the platform had facilitated over 200 million transactions since its launch 30 months ago.
