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Indian govt-backed ONDC independent director Arvind Gupta steps down
- Arvind Gupta, founding member and first independent director of ONDC, steps down from the government-backed e-commerce platform.
- His departure follows resignations of other senior officials like managing director Thampy Koshy, chairperson R.S. Sharma, and chief business officer Shireesh Joshi.
- ONDC is governed by a board of directors and advisory council comprised of various stakeholders.
- Gupta stated he completed his three-year term and chose not to continue as an independent director.
- ONDC praised Gupta for his role in shaping the platform and guiding its growth.
- The remaining independent directors at ONDC are Adil Zainulbhai, Anjali Bansal, and Ritesh Tiwari.
- The departure coincides with a decline in transactional activity on ONDC, such as falling retail and logistics order volumes.
- ONDC was designed to create an open digital commerce infrastructure to promote interoperability in e-commerce.
- The platform aims to address dominance by e-commerce giants by enabling buyers and sellers to interact across different applications.
- ONDC seeks to be a foundational component of India’s digital public infrastructure akin to the Unified Payments Interface (UPI) in financial services.
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