ONDC – The Next Big Ecommerce Revolution? | Real Experience
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Published 2023-06-09
In this video, we will discuss what ONDC is, how it operates and we will draw a comparison of the benefits and challenges that come along this revolutionary initiative by Indian Government.
ONDC explained in detail. (Hindi)
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About the Video
Open Network for Digital Commerce (ONDC) is a non-profit private company that provides a network platform to democratise e-commerce in India. It is considered as an engine of growth and it is expected to redefine the E-commerce sector entirely.
ONDC has become widely popular due to its highly competitive prices in food delivery, challenging the dominance of established players like Swiggy and Zomato. Many users flocked the platform to avail the products at such cheap prices. However, it comes with its own sets of challenges. Sellers on ONDC platform are able to sell products at such low prices because there’s no intermediary in between to take commission as it is backed by the government. But how efficient is it going to be in the long run?
As some regard it as a revolutionary step, others consider it a mere buzz. In order to decide this, one must be aware of how it functions, what advantages come with this and how it creates challenges in the traditional e-commerce world.
In this video, we’ll cover the following concepts:
1. What is ONDC and how does it work?
2. Which companies are using ONDC in India?
3. Is ONDC public or private?
4. ONDC: Disrupter or enabler of the digital ecosystem?
5. ONDC vs Swiggy
6. ONDC vs Zomato
7. Why food is cheaper on ONDC?
8. How ONDC makes money?
9. What are the advantages of ONDC?
10. What challenges faced by ONDC?
11. How will ONDC survive?
12. User Experience of ONDC
Will people switch from smooth & trustworthy apps like Amazon, Flipkart, Zomato, Swiggy, Ola, Uber, Blinkit, Zepto, Bigbasket, 1mg, Netmeds, Nykaa, Myntra to newer and clunky ONDC options on Paytm, Pincode, Mystore etc.? Let’s find out.
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#ONDC #Ecommerce #Deliveryapps
Tags
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All Comments (21)
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Join All-In-One Video Finance App here: vidfin.com/ Enjoy Free Access to select Financial Insights & 1st Chapter of all the courses.
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ONDC is Seller driven project, which aims to pass the benefits to the buyer. It is in the early stage & services will improve in coming years.
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Hello Asset Yogi, To inform, that I began following YouTube channels of yours, Pranjal Kamra, Bulltrack, Book Pillow and Akshat Shrivastav, since 2018-2019. Based on these learnings, i began changed my way of investing in equity and created new portfolio. Also, by following Robert Kiyosaki I bought physical gold and silver. In 2020-2021, my gold-silver shot up by almost 25-30%, and then grew some more in 2023. My equity investments stagnated till 2022, but then shot up subsequently and today equity is at +26%. I thank you and everyone else who taught me so much. May your channels prosper even more benefitting everyone. Regards D. Bhattacharya Delhi NCR
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सर आपने बहुत अच्छा समझाया मुझे पता है आपने इस ONDC को समझाने के लिए कितनी मेहनत करी होगी क्योंकि ONDC क्या है यह youtube से समझना काफी मुश्किल है
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Good review - there are some YouTubers praisng ONDC like a big game Changer as a propaganda you have done a good pros and cons and mentioned where need improvement.
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ONDC had should come up as a supporting platform for small sellers like helping them in logistics and payments.
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ITR filing ka video for FY 2022-2023 kab aayega?
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• Budget reforms that have efficient asset allocation may help in its sustainability. • Inviting UI/UX developers through campaigns could be an option. • Incentives to key players choosing big brands may change their minds eventually leading to engagement.
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Thanks for Providing a different Prospective on ONDC ❤ Appreciate your Work
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Upi ke bare me bhi aase hi pehle khayalat the aap jaise logo ke
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Very informative video sir thank you ♥️
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we ordered some items, some items were missing, there is no such thing like customer care.
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I feel ONDC can be a game changer in the areas where the penetration is very poor. ZOmato and Swiggy have limited options in smaller cities and don't exist in most, and that way, they have a lot of potential to begin with.
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Mukal sir please make video AI what effect on job ??? Please do this for our knowledge
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Your analysis is EXCELLENT ❤
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miss your old videos topics, they were unique. I think there is content saturation in finance education.
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Your content and explanation is just best, keep it up brother
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Mukul Sir k videos ka wait rehta he best👍
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Govt want monoploy or duopoly like in telecom or aviation 😢😢
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Love u sir from Singapore Mughe initial hand holding ki jrurut hi invest krne me please help me 🙏🏻 kya aap initial hand holding ka charge bi krte hi?
