Zomato share price jumps 8% on reports of ONDC discounts revision
ONDC was touted as a threat to food-delivery platforms like Zomato and Swiggy as it connects restaurants directly to customers. In simple terms, ONDC lets restaurants sell food directly to consumers without the need for a third party (like Zomato and Swiggy).
Zomato share price jumped almost 8 per cent in morning trade on BSE on Friday (June 2) amid reports of the revision of discounts at the Open Network for Digital Commerce (ONDC). Shares of Zomato opened at ₹69.40 against the previous close of ₹67.92 and rose 7.8 per cent to touch the intraday high of ₹73.20 in trade so far.
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