The Government-run Open Network for Digital Commerce or ONDC announced on Monday that it had achieved unprecedented transaction figures in May, with a total of 8.9 million transactions recorded across both retail and ride-hailing sectors.
According to a statement released by the ONDC, this surge represented a substantial 23 percent increase in total transaction volume compared to the previous month.
In the retail sector, the ONDC marked a significant milestone by processing 5 million orders in May, a notable jump from 3.59 million in April.
Moreover, the network experienced a remarkable single-day peak with 200,000 retail transactions recorded during the month.
Providing insights into the distribution of these retail transactions, the network revealed that both grocery and food delivery categories surpassed the 1 million order mark for the first time.
Additionally, home and kitchen products accounted for 630,000 orders, fashion items for 330,000 orders, while other retail sub-categories collectively contributed 2 million orders.
However, the ride-hailing segment witnessed a slower growth trajectory, rising from 3.6 million trips in April to 3.8 million in May.
Despite this increase, it remained below its peak in March when it recorded 4 million trips.
The ONDC currently boasts a network of approximately 535,000 sellers spread across more than 1,200 cities.
Impressively, 84 percent of these sellers are classified as small sellers, collectively contributing to 56 percent of total orders processed by the network.
Reflecting on the magnitude of the achievement, the ONDC highlighted the occurrence of 200,000 retail transactions in a single day during the month, underscoring the robustness and efficiency of the network in facilitating digital commerce on such a scale.
Also Read: Adani Portfolio Surges As Markets Open, Signaling Strong Growth
