ONDC said that the bulk of the transaction volume came from the retail segment, which hit a new peak of 50 Lakh orders in May 2024 The ride-hailing segment saw moderate growth, as the network clocked 38 Lakh trips in May as against 36 Lakh transactions in April On a broader level, the ONDC network now comprises 5.35 Lakh sellers across 1,200 cities The Open Network for Digital Commerce (ONDC) continued to see rapid traction in the month of May, clocking a record 89 Lakh transactions across retail and ride-hailing segments. This was an increase of 23% month-on-month (MoM).
Giving a breakdown of the data, the state-backed network said that the bulk of the transaction volume came from the retail segment, which hit a new peak of 50 Lakh orders in May. This represented a MoM growth of 39% from 35.9 Lakh in April.
Of this, the network saw a single-day record of 2 Lakh retail transactions during the month under review. Meanwhile, the grocery and food delivery categories crossed the 10 Lakh order mark each for the first time in May 2024. In a statement, ONDC also said that while the home and kitchen sub-segment logged 6.
3 Lakh orders, fashion clocked 3.3 Lakh transactions. Meanwhile, other retail sub-segments accounted for the remaining 20 Lakh orders.
“Categories like grocery, fashion, home, and kitchen have seen rising shares, indicating diversification of ONDC’s retail business. With the increase in contribution by other categories, the food segment accounted for around 20% of.
