Udupi eSamudaay completes a year strengthening local economy
The Hindu
The initiative is said to be the world’s first local commerce company
Udupi eSamudaay Digital, said to be the world’s first local commerce (LCommerce) company, completed a year of its founding on Wednesday enrolling over 2,500 customers and more than a 100 local merchants.
eSamudaay founder and CEO Anup Pai told reporters in Udupi on Wednesday that LCommerce requires wide community engagement efforts towards the core objective of “For local, by local”.
The initiative, he said, has developed a vibrant network of participants across all sections of Udupi’s population. It is launching Udupi Tokens on the first anniversary as per Lcommerce guidelines of local ownership, Mr. Pai said.
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