New Delhi, May 13 (PTI) The Open Network for Digital Commerce (ONDC) on Tuesday said Vibhor Jain, currently the Chief Operating Officer, will assume the role of acting CEO of the government-promoted firm.

All executive powers will be transitioned to him as the organisation continues its process of identifying a new Managing Director and CEO, it added.

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Since its inception, ONDC has crossed 200 million transactions within three years.

Incorporated on December 30, 2021, ONDC, a Section 8 company, is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT).

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)