Porter Now Part of Indian Govt-Backed ONDC Network
A technology-enabled on-demand logistics provider Porter, has become a member of the Indian government-backed ONDC Network. The move follows strong financial results for FY24 from Porter's parent company, SmartShift Logistics Solutions Private Limited.
The revenue from operations of Porter, which was established in 2014, increased by 55.87% from INR 1,753.78 crore in FY23 to INR 2,733.79 crore.
How Does Porter Operate?
Porter provides users with access to a scalable and reliable logistics network, which is supported by a fleet of over 7.5 lakh carriers in more than 22 cities. The company guarantees the seamless fulfilment of orders and offers dependable, hyperlocal delivery services, thereby increasing customer satisfaction and efficiency.
With a substantial increase in same-day hyperlocal deliveries, the ONDC Network is expanding at a rapid pace. Aproximately 53,000 orders are processed daily by the Open Network in a variety of categories, such as food and consumables.
Porter will optimise delivery speed and reliability by offering its two-wheeler services in 20 locations throughout India to facilitate this expansion and enhance efficiency in the Food & Beverage sector.
According to Abhinav Vadrevu, Vice-President of Two-Wheelers at Porter, the firm is enthusiastic about the prospect of integrating Porter's services into the ONDC Network, which will improve the accessibility and reliability of services for consumers throughout India. Company's dedication to providing seamless logistics solutions is reaffirmed by its participation in the Open Network.
Porter anticipates that ONDC's extensive reach will enable him to satisfy the increasing demand for hyperlocal deliveries. Vadrevu also stated that the organisation will make a concerted effort to broaden its portfolio in order to accommodate a more comprehensive array of customer delivery requirements.
Firm’s Primary Goal Is to Improve the Fleet of Two-Wheelers
Porter's objectives include enriching its two-wheeler fleet and broadening its supply base in emerging markets and tier-2 cities.
The growth and efficacy of eCommerce are dependent on logistics services, which serve as the foundation for customer satisfaction and the seamless fulfilment of orders.
"By extending an invitation to Porter to join the ONDC Network, we are fortifying this indispensable element of the e-commerce environment." T Koshy, MD & CEO of ONDC, stated. He further added that this not only expands the options available to consumers but also provides ONDC's sellers with an additional reliable logistics option, thereby enhancing the open and reorganised nature of the Network.
There are 99 applications in the ONDC network, including 24 client applications and 75 seller applications. Shoppers have the option of selecting one of the 24 buyer apps to purchase their desired products. Sellers have the option of selecting from one of the 75 options available for listing on the Network. Every seller on any seller app has the ability to sell to any buyer on any buyer app.
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