Latest news with #VibhorJain
Time of India
14-07-2025
- Business
- Time of India
DSP Asset Managers partners with Cybrilla to bring mutual funds live on ONDC Network
DSP Asset Managers has partnered with Cybrilla to become one of the first mutual fund companies to go live on the Open Network for Digital Commerce (ONDC). By joining ONDC Network , DSP MF is opening up new opportunities as the network's open design lets more distributors, including local entrepreneurs and fintech startups—offer mutual funds to a wider audience. ONDC is an initiative of the Ministry of Commerce and Industry, Government of India to create a facilitative model that revolutionizes digital commerce, giving greater thrust to penetration of retail e-commerce in India, according to a press release by the fund house. Also Read | Nearly 112 lakh SIPs closed in 2025: Should you worry about the negative net SIP trend? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » ONDC Network's financial services initiative focuses on helping people who have been unserved / underserved by the traditional financial system. It provides easier access to credit for individuals and small businesses, especially in areas where banking services are limited. It also offers simple investment options for first-time investors who want to start small and grow their savings steadily, the release added. Because ONDC Network is decentralized, DSP and its partners can create new investment products like daily SIPs or goal-based micro-investments. Live Events This setup also lowers costs. DSP can cover KYC and payment gateway fees, making it easier for new distributors to join and serve customers. The Network's focus on bringing in first-time investors and keeping them engaged fits perfectly with DSP's belief in disciplined, long-term investing. ONDC network is also evaluating feasibility of newer technologies like Central Bank Digital Currency (CBDC) which can be used for purchase and redemption of mutual funds lowering overall costs and offering instant settlement. "Our Integration with ONDC is a big step toward making investing simple and available to everyone in India. We want to reach people in smaller cities who have fewer options and help them start building wealth with confidence. This is not just about technology — it's about giving more people a fair chance to grow financially,' said Manish Rathi, VP and Head – Consumer Growth Marketing, DSP Asset Managers. Also Read | Mutual funds slashes cash allocation by Rs 13,000 crore in June; PPFAS and Quant MF join trend "This integration signals a shift from centralized distribution to decentralized opportunity. By bringing mutual funds onto the ONDC Network, we're not just expanding access; we're reconfiguring the way financial products are discovered, trusted, and adopted at scale. DSP's early participation exemplifies the foresight needed to lead in this new landscape,' said Vibhor Jain, Acting CEO and COO at ONDC. "Bringing mutual funds onto the ONDC network isn't just a technical milestone, it's a structural shift in how financial products reach people. With DSP Asset Managers on board, we're enabling a new kind of distribution where local distributors and digital apps can offer low-cost, goal-based investments to first-time investors across India. It's exactly the kind of inclusive infrastructure we've always wanted to build, and we're proud to help make wealth creation more accessible,' said Anchal Jajodia, Co-founder, Cybrilla.
Japan Times
13-07-2025
- Business
- Japan Times
How remote work is rewriting the migrant experience in Japan
When Vibhor Jain moved to Tokyo in 2022, it wasn't because he wanted to conquer the language or thrive in Japan's demanding office culture. Just the opposite — he made the move because he wouldn't have to do those things. An IT engineer from Delhi, Jain, 46, originally left India in 2002 to study and work in Finland, Spain and New Zealand. He freelanced through much of that time, enjoying a high degree of autonomy and flexibility. 'I was also drawn to Japan, but I worried about adjusting to the work culture — especially the long hours, the lengthy commutes and the language barrier.'
Time of India
10-07-2025
- Business
- Time of India
ONDC enables private city bus ticketing in five Gujarat cities
New Delhi: The Open Network for Digital Commerce ( ONDC ) has onboarded Gujarat-based startup Katch Mobility as both a buyer and seller-side participant, enabling digital ticketing for private intra city buses in five cities - Gandhinagar, Anand, Botad, Mehsana, and Vadodara, it said in a press release on Thursday. The integration marks the first instance of smart Point of Sale (PoS) machines being used for bus ticketing on the ONDC Network. The rollout allows commuters to book tickets via the Katch Mobility Android app or through PoS devices installed in buses. Passengers can select their source and destination, input passenger details, make digital payments, and receive booking confirmation. The integration supports advance ticketing and is aimed at streamlining operations for private bus operators. These services are now discoverable across all ONDC-integrated buyer apps offering bus ticketing, increasing visibility beyond platform-exclusive systems. 'By making private city bus ticketing discoverable and bookable through multiple Demand channels on the ONDC network, we are creating more choices for commuters, expanding opportunities for transport service providers, and strengthening the mobility ecosystem. This initiative also demonstrates how sectors traditionally left out of digital commerce can be brought into a scalable, competitive framework that benefits everyone,' said Vibhor Jain, acting CEO and COO, ONDC. The model is intended to be scalable, enabling other buyer applications on the network to offer city bus services.
Mint
25-06-2025
- Business
- Mint
Rapido sharpens focus on Delhi, partners ONDC for metro-ride integration
Ride-hailing platform Rapido is sharpening its focus on Delhi, which has become its largest market across India. The company is now partnering with open e-commerce network ONDC to deepen integration with public transport systems. 'Delhi is our largest market. Every day, over 8 lakh customers use Rapido in Delhi alone," said Aravind Sanka, chief executive and co-founder of Rapido. He added that a growing chunk—over 1 lakh daily riders—use the platform specifically to travel to and from metro stations. The integration with Open Network for Digital Commerce allows Rapido users to book Delhi Metro tickets directly within the app. It aims for first-and last-mile connectivity, letting commuters use a single platform for both bike rides and metro travel. Users can plan, book, and pay for multiple legs of a commute in one place, making it a bundled user experience. Metro ticketing is already live via ONDC in cities like Delhi, Kochi, and Chennai, with Bangalore and multiple Mumbai metro lines set to go live soon. 'We're excited about Rapido enabling those lines as well," said Vibhor Jain, chief executive of ONDC. 'Beyond metros, we're looking at mobility holistically, and bus ticketing is a big part of that journey. I'm sure Rapido will be live with that soon too." Rapido isn't the only company aligning with ONDC's vision of open mobility. Namma Yatri was the first to fully integrate with ONDC and introduced the SaaS model that dominant players like Uber, Ola have since adopted. In a previous interview with Mint, the company stated that it is now looking to expand into northern India while also piloting services in adjacent verticals such as ambulance and shuttle transport. Meanwhile, Rapido is also exploring adjacent categories, like food delivery to diversify its offerings and compete with Swiggy and Zomato. However, the company has faced major regulatory setbacks in Karnataka, where a blanket ban on bike taxis disrupted one of its largest markets. This has not only impacted its user base but also dealt a blow to one of its core revenue streams. Uber too partnered with ONDC to offer metro ticket booking, starting with Delhi Metro integration directly within its app, marking Uber's entry into public transport via the open network. The company also plans to expand metro ticketing to three more cities and explore B2B logistics services through ONDC.
Fashion Network
05-06-2025
- Business
- Fashion Network
Ekart debuts on ONDC to bolster logistics capabilities
Logistics and supply chain provider Ekart has joined the Open Network for Digital Commerce, marking a key milestone in the growth of Indian logistics infrastructure. By integrating with the e-commerce ecosystem, brands of all sizes can access Ekart's nationwide logistics capabilities. By onboarding Ekart, the network strengthens its logistics offerings, a move aligned with ONDC's broader strategy to rapidly scale e-commerce logistics, ONDC announced in a press release. With its wide delivery footprint, technology-driven fulfilment, and operational depth, Ekart brings reliability and reach to sellers across sectors including fashion and lifestyle, direct to customer, fast moving consumer goods, and beauty and personal care. 'This integration marks a significant step in democratising access to world-class logistics," said ONDC's acting CEO and COO Vibhor Jain in a press release. "Ekart's scale and operational depth bring vital logistics capacity to the ONDC.' For sellers, this means simplified access to pan-India delivery services via a single interface, supporting efficient order fulfilment across all serviceable pincodes. The move is expected to enhance service quality and offer a more inclusive commerce model for businesses of all sizes, especially micro, small, and medium enterprises. 'With this integration, Ekart brings to the table nationwide reach, deep logistics expertise, and a strong commitment to service excellence," said Ekart's chief business officer Mani Bhushan. "Together with ONDC Network, we look forward to empowering businesses, MSMEs with greater access, efficiency, and growth opportunities.'
