Tech3 | Ola's grocery delivery play; Karnataka Govt looks to regulates gig economy; and more

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In today’s newsletter:?

• Ola to now deliver groceries via ONDC
• Karnataka Govt looks to regulate gig economy
• Indian IT cos struggle with Gen AI rollout delays

Ola to now deliver groceries via ONDC

Fourth time's the charm??

Driving the news: Ride-hailing giant Ola is making another foray into the grocery delivery space , this time via the government-backed Open Network for Digital Commerce (ONDC).

• Ola has attempted (and shuttered) grocery delivery services a few times since 2015?

While grocery delivery might be new territory for Ola on ONDC, it has already found success on the platform's food delivery category.?

• Currently, Ola captures 30% of food orders on ONDC

ONDC gaining momentum: ONDC is no longer a baby project backed by the government.??

• It is estimated that ONDC will cross 10 million transactions — including mobility and retail — for the first time in June, representing a 5x growth year-on-year

Ola isn't the only one riding the ONDC wave.?

• Major players like Paytm, PhonePe, Meesho, Magicpin, and Shiprocket have all joined the network

Additionally, large corporate houses and philanthropic organisations such as Nasscom Foundation, JSW Foundation etc. are volunteering to?build various parts of the ONDC ecosystem.

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