Ecommerce platform ONDC may have 200,000 daily transactions by December 31: ICICI Securities report

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ICICI Securities, citing ONDC CEO Thampy Koshy and Senior VP Rahul Handa. Half of the transactions are projected to come from retail and the other half from mobility. ONDC hopes to achieve that scale from the 75,000 to 80,000 transactions it currently hosts per day, Koshy and Handa told ICICI Securities.

The platform has over 100,000 merchants currently, with about 60,000 of those in the mobility space. ONDC “will not go public and will not pay dividends but hopes to create a self-sustaining financial mode”, said the ICICI Securities note.Also read | Large companies may corner big share of business on ONDC: Bernstein The platform hosts 50,000 merchants on the retail side. Paytm, PhonePe, and Magic Pin are among the top buyer applications on the platform, while Magic Pin and Go Frugal are the top seller applications.

Large companies with a significant user base may end up cornering a large share of business on the government-backed ecommerce marketplace, research firm Bernstein said in a report on Tuesday. ONDC is also trying to build a network-wide score for rating purposes. In the B2C segment, there will be a network-wide score for every seller, which would be independent of the platform they sell to.Also read | ONDC likely to increase digital consumption to $340 billion by 2030: Report In B2B, both buyers and sellers will have ratings.