ONDC (Open Network For Digital Commerce) is a government-led initiative to create an open, secure, and interoperable network for digital commerce in India.
Through ONDC, Mystore's e-commerce platform is leveraging Delhivery's extensive pan-India network of over 18,500 pin codes to offer affordable and reliable shipping to rural entrepreneurs.
Ajith Pai, chief operating officer, Delhivery, said, ONDC's pathbreaking design and execution promises to democratize e-commerce in India, transforming the growth paradigm for millions of small businesses. Delhivery, with its extensive pan-India network, technology, and data-driven backbone, is the ideal partner for ONDC's participants.?
Delhivery is India's largest fully integrated logistics services provider. With its nationwide network covering over 18,500 pin codes, the company provides a full suite of logistics services such as express parcel transportation, PTL freight, TL freight, cross-border, supply chain, and technology services.
The logistics solution provider reported a consolidated net loss of 158.67 crore in Q4 FY23 as against a net loss of Rs 119.86 crore posted in Q4 FY22. Revenue from operations declined 10.2% year on year to Rs 1,859.63 crore in the quarter ended 31 March 2023.
The scrip fell 0.88% to currently trade at Rs 354.95 on the BSE.
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