Snapdeal, one of India’s leading e-commerce platforms, has recently announced its partnership with the Open Network for Digital Commerce (ONDC) to expand its order receiving capabilities. The partnership is expected to provide Snapdeal with access to a wider range of customers and help the company to enhance its delivery network.
The ONDC is an initiative launched by the Government of India to create an open digital commerce network that connects buyers, sellers, and service providers. The platform aims to provide a level playing field for all stakeholders in the e-commerce ecosystem and promote fair competition.
Through this partnership, Snapdeal will be able to leverage the ONDC’s extensive network of retailers and logistics providers to receive orders from customers across India. The company will also be able to offer a wider range of products and services to its customers, including those from smaller towns and rural areas.
Snapdeal’s CEO, Kunal Bahl, expressed his excitement about the partnership, saying that it would help the company to reach more customers and provide them with a better shopping experience. He also highlighted the importance of building a strong and inclusive e-commerce ecosystem in India.
The partnership is expected to benefit both Snapdeal and the ONDC. Snapdeal will be able to expand its customer base and increase its revenue, while the ONDC will be able to showcase its capabilities and attract more retailers and service providers to its platform.
The partnership comes at a time when e-commerce is rapidly growing in India, driven by factors such as increasing internet penetration, rising disposable incomes, and changing consumer preferences. According to a report by Statista, the e-commerce market in India is expected to reach $200 billion by 2026, up from $38.5 billion in 2017.
In conclusion, Snapdeal’s partnership with the ONDC is a significant development in the Indian e-commerce landscape. It is expected to provide Snapdeal with access to a wider range of customers and help the company to enhance its delivery network. The partnership also highlights the importance of building a strong and inclusive e-commerce ecosystem in India, which can benefit all stakeholders in the long run.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- Source: Plato Data Intelligence: PlatoData