Sign In
Learn bits
Economy
Mahesh

31/10/22 05:48 AM IST

Shiprocket becomes first inter-city logistics provider to join ONDC network

In News 
  • Shiprocket said it is the first inter-city logistics provider to plug into the ONDC network, enabling sellers from all segments to ship products to cities and towns across India.
About Shiprocket 
  • Shiprocket, which serves more than 100,000 customers, will enable sellers from 24,000 pin codes to select delivery partners to ship products across India, through both cash-on-delivery and pre-paid options.
  • ONDC’s mission is to enable an inclusive eCommerce ecosystem for all of India where a business in a small village in a remote corner of India can have the confidence and the opportunity to sell their products to customers anywhere in the country.
  • With Shiprocket and ONDC working in tandem, this is now a reality.
  • ONDC and Shiprocket are working to enable warehousing-as-a-service on the network.
  • This will allow small and medium businesses to provide same-day shipping services to their customers.
ONDC 
  • The Open Network for Digital Commerce (ONDC) is a government-backed project which is aimed at enabling small merchants and mom-and-pop stores in parts of the country to access processes and technologies that are typically deployed by large e-commerce platforms.
  • It is an initiative aiming at promoting open networks for all aspects of the exchange of goods and services over digital or electronic networks.
  • ONDC is to be based on open-sourced methodology, using open specifications and open network protocols independent of any specific platform.
  • ONDC is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of the Government of India to develop open e-commerce.
Source- Business Standard 

More Related Current Affairs View All

15 Jan

Meta shutting down fact-checkers

'Meta CEO Mark Zuckerberg said the company will get rid of fact-checkers and simplify content policies by removing restrictions on topics as it is “out of touch with mainstre

Read More

15 Jan

Mission Mausam

'Prime Minister Narendra Modi launched  ‘Mission Mausam’, a groundbreaking initiative aimed at making India a weather-ready and climate-smart nation, as part of th

Read More

15 Jan

Mahakumbh First Amrit Snan

'January 14 was the first amrit snan or shahi snan at the Mahakumbh underway in Prayagraj.' Shri Panchayati Akhara Mahanirvani and Shri Shambhu Panchayati Atal Akhara were the f

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps