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ONDC, launched by DPIIT in 2022 to counter Amazon–Flipkart and Swiggy–Zomato, is shifting from retail to mobility and logistics. Retail orders fell from 6.5M to 4.6M and share from 47% to 29%, but the network now spans 600+ cities, six lakh sellers, and sees mobility via Namma Yatri and Ola drive 56% of transactions.

Zepto has converted into a public limited company ahead of filing its DRHP by December 15. Backed by Lightspeed, Avenir Growth, and General Catalyst, the $7 billion quick-commerce unicorn may raise $450–500 million as it scales 10-minute deliveries and posts rapid revenue growth.