ONDC Announces Vibhor Jain As Acting CEO After T Koshy Completed Tenure

Open Network for Digital Commerce (ONDC) has named Vibhor Jain as its acting CEO with immediate effect.

The government-backed ecommerce network is still looking for a permanent CEO. 

Read also- JSW One Platform Enters Unicorn Club After Raising Rs 340 Cr Funding

Thampy Koshy, who stepped down on April 10 after serving as MD and CEO for three years, had passed on his duties to an executive committee reporting to the board until June. Vibhor Jain was part of this committee.

"The Executive Committee has done a commendable job of guiding ONDC during a critical phase of its journey. However, with several key strategic decisions underway, it is imperative to have a single point of leadership to drive cohesive execution. Vibhor has played a pivotal role in shaping ONDC’s operational framework and the Board has full confidence in his ability to lead the organisation during this important transition," said Suresh Sethi, Board Member of ONDC.

Before Koshy, ONDC’s Chief Business Officer and Head of Network Expansion, Shireesh Joshi, also left the company for personal reasons. 

ONDC connects buyer and seller apps across sectors like transport, food delivery, logistics, ecommerce, and fashion. In March, the network crossed 200 million transactions, about 30 months after its launch.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges, and achieving success.