Talking about the financials, the company has a market cap of over Rs 2,800 crore and has been maintaining a healthy dividend payout of 70 per cent. In its quarterly results (Q1FY24), the company reported net sales of Rs 1,293.22 (which is up by 8 per cent YoY) and a net loss of Rs 8.46 crore.

Walmart increased its influence over Indian e-commerce company Flipkart by purchasing Tiger Global's remaining shares, valuing the Indian business at around USD 35 billion.

ONDC is being marketed as an alternative to dominant global giants such as Amazon.com and Walmart owned Flipkart in India’s fast-growing e-commerce market, which is pegged as a USD 200 billion opportunity by 2027.