Thread by @dilipvamanan

Indian E-commerce is going to become more inclusive-- ONDC.org (@ONDC_Official) 🙏

All those who haven't heard about ONDC, here is a detailed thread 👇🏻

This thread covers all the aspects of #ONDC including:

- The Concept
- Whom this will benefit
- Size of the market
- Current Investors
- Launch Date
- Our Involvement
- How big can this be?
- Key People
- References

ONDC(Open Network for Digital Commerce) is an open public digital infrastructure framework. Incorporated in December 2021, the proposed network seeks to control digital monopolies and create more inclusiveness within the digital commerce ecosystem. 🔊

It is expected to benefit millions of small retailers for whom traditional eCommerce platforms are still out of reach. 💪

Stats(India)

Small Retailers - 6 Crore 🛍️
Onboarded to Ecommerce - 15,000

Opportunity Size = (6 Crore - 15,000) => 15,99,85,000 Retailers

Even if you get a fraction of the six crore small traders on to this network, there is a huge opportunity that will present itself. 🏬

Current investors 💸

Open Network Digital Commerce has raised Rs 157.5 crore from 17 banks and financial institutions including QCI, Protean, NABARD, SIDBI, SBI, PNB, Kotak Mahindra and more.

Launch Date🚀

Pilot - APRIL 2022
PAN India Operations - AUGUST 2022

Pilot Cities - Delhi, Bangalore, Coimbatore, Shillong and Bhopal

How is SellerApp involved?

As you might already know, SellerApp is the most apt name for any Seller Applications.😃

@SellerApp_Inc is now working with 17000 Indian sellers on various marketplaces like Amazon, Flipkart. Brands can now be part of #ONDC network via SA platform.

Our Privileged Clients for the initial pilot and beyond @GlobalbeesB @woollyfarms @BoldCare_In @kapiva_official @Hey_Bbetter @TRYKARO BOYO Life, @Bumberrycare @SanfeWomen Homemade Love, @SironaCIC @arcatronindia and more

Thanks for the constant guidance and support of Shri @PiyushGoyal @anilarch @KoshyTK @Daman @RajanAnandan @AnasRahman @ONDC_Official @rai_india @mtipbtn

How big can this be? ✰⋆🌟✪🔯✨

Minister of Commerce & Industry Shri @PiyushGoyal says “ONDC will democratize e-commerce and protect small businesses by granting them equal opportunity."

Revolution ✊

UPI -> payments and money transfers
ONDC -> E-Commerce

Additional Secretary to the Government of India, Shri @anilarch said “We are not trying to disrupt anything. ONDC is about democratising and making more and more small traders come on to the digital commerce framework which, today, is very difficult.”

References

1. business-standard.com/article/compan…

2. economictimes.indiatimes.com/small-biz/sme-…

Thanks for all the inputs @ConoiseurOfLife @shalove1985 @pramodkvarma @SujithNairK @c_aashish @neha_d24 @SwarajyaMag @RMantri @mayankksh @DrSRaghavachari @ETRetail @deepakshenoy @Iam_MrPai @Vinee_ethN