Ola has joined government-backed Open Community for Digital Commerce (ONDC) to offer meals supply companies and is at present seen to small variety of customers, Moneycontrol has reported.
Sources advised Moneycontrol that the corporate has been testing the characteristic since greater than a month inside its app for workers and the small variety of customers for whom it’s obtainable.
It additional added that the characteristic is on the app below the title ‘OLA ONDC meals’ as sources additionally advised the each day that Ola is not going to launch a separate supply app.
“That is huge for Ola, that is more likely to compete with Swiggy and others… This characteristic is just not obtainable for everybody, solely a handful of customers for now and is more likely to be open for all, ” trade supply conscious of the event advised Moneycontrol.
Mint couldn’t independently confirm the information.
ONDC is a non-profit firm whose community will allow the show of services and products from all collaborating e-commerce platforms in search outcomes throughout all apps on the community. Earlier in Could, Commerce and Trade minister Piyush Goyal had highlighted the transformative position of the ONDC in democratizing the nation’s present e-commerce ecosystem. He had emphasised that ONDC is an engine of development with the potential to redefine your entire trade.
Coming again to Ola, the founder and CEO Bhavish Aggarwal is mulling over to nominate a CEO for its cab enterprise reported Financial Instances. The brand new CEO, probably an ex-Unilever govt, is more likely to be a part of the corporate early subsequent week, reported Financial Instances citing sources. Until now, CEO Bhavish Aggarwal has remained the CEO of the corporate and managed its cab enterprise together with e-scooters verticals.
In line with the ET report, the brand new CEO for Ola Cabs is predicted to be a former govt of FMCG main Unilever. The incoming CEO was earlier based mostly in Southeast Asia and had held the position of the nation head of Unilever Indonesia. One of many potential names for the submit of CEO can be Hemant Bakshi, reported ET citing sources. Hemant is at present posted as the worldwide head and govt vp of Unilever Market in Singapore.
In the meantime, in August, Ola Cabs noticed its loss widening to ₹3,082 crore in 2021-22, in response to monetary information accessed by enterprise intelligence platform Tofler as reported by PTI. As per the info, the corporate’s losses greater than doubled on a year-over-year foundation. The corporate’s complete bills for the fiscal had been reported as ₹1,539 crore, the assertion stated.
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Up to date: 02 Sep 2023, 07:25 AM IST
Supply: Live Mint