FemPower Top-Performing Women Leaders You Must Follow 2023
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Identity Digital Makes Inc. 5000 for Third Consecutive Year
Identity Digital Makes Inc. 5000 for Third Consecutive Year Continued Customer Interest in Building Strong Online Brands with New Domains Helps Drive Company’s Growth NEW YORK and BELLEVUE, Wash., August 15, 2023 – Identity Digital Inc., a leader in connecting the online world with domain names and related technologies, made the 2023 Inc. 5000 list of fastest-growing private companies in America for the third year in a row. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000. “We are honored to receive this recognition again, and we sincerely appreciate Inc.’s consideration as well as the endorsements from our customers and partners,” says Akram J. Atallah, CEO of Identity Digital. “Our mission is to enable people and businesses worldwide to create domain names that uniquely represent their identities using both sides of the dot. The continued adoption of new domains, a testament to our mission, propels our ongoing growth.” Identity Digital offers a range of new web addresses such as .lgbt, .live, .social, .games, .digital, and .watch. These domains empower businesses to craft memorable names that enhance their search engine optimization (SEO) strategies and build robust online brands. For instance, consider Bliss, an innovative mobile banking app, which has adopted the domain bliss.lgbt. By skillfully utilizing “both sides of the dot,” Bliss showcases its dedication to serving transgender individuals, effectively driving website traffic and optimizing SEO strategies to underscore their specialized expertise. The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years. For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, please visit Inc. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23. “Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.” More about Inc. and the Inc. 5000 Methodology Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. About Inc. Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit Inc.com. About Identity Digital Identity Digital Inc. simplifies and connects the online world with domain names and related technologies to empower people to build, market, and own their authentic digital identities. With the world’s largest portfolio of nearly 300 TLDs such as .photography, .studio, .live, .technology, and .restaurant, Identity Digital supports around 25 million domains on its innovative registry services platform. In addition, Identity Digital enables customers to discover, register, support and use high-quality domain names with its Name.com registrar. Headquartered in Bellevue, WA, Identity Digital is a global company with approximately 250 employees. For more information, please visit identity.digital.
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Open Network for Digital Commerce (ONDC)
Open Network for Digital Commerce (ONDC): A Game-Changer for the Indian E-Commerce Market The Indian e-commerce market is one of the fastest-growing in the world. In 2022, the market was worth $630 billion and is expected to reach $1 trillion by 2026. However, the market is currently dominated by a few large players, such as Amazon and Flipkart. This has led to concerns about a lack of competition and high prices for consumers. To address these concerns, the Indian government has launched the Open Network for Digital Commerce (ONDC). ONDC is a platform that will allow buyers and sellers to connect with each other regardless of the e-commerce platform they use. This will create a more competitive market and lower prices for consumers. ONDC is also expected to benefit small businesses and retailers. Currently, small businesses have a difficult time competing with large e-commerce platforms. This is because the large platforms have a large customer base and can offer lower prices. ONDC will level the playing field for small businesses by giving them access to a larger customer base and by reducing the cost of doing business. In addition to benefiting consumers and small businesses, ONDC is also expected to be a competitor to the existing e-commerce platforms. This is because ONDC will offer a more open and transparent platform. Buyers and sellers will be able to compare prices and products more easily, which will lead to more competition. Overall, ONDC is a promising initiative that has the potential to revolutionize the Indian e-commerce market. By creating a more competitive market and lowering prices for consumers, ONDC will benefit all stakeholders in the market. Here are some specific ways in which ONDC will benefit customers: Lower prices: ONDC is expected to lower prices for consumers by creating a more competitive market. This is because buyers will have more options to choose from, which will drive down prices. More choice: ONDC will give consumers more choice by connecting them with a wider range of sellers. This is because ONDC will not be tied to any specific platform, so sellers will be able to list their products on multiple platforms. Better quality: ONDC is expected to improve the quality of products offered to consumers by making it easier for buyers to compare products and sellers. This is because buyers will be able to read reviews and compare prices from different sellers. Here are some specific ways in which ONDC will be a competitor to the existing e-commerce platforms: More open and transparent platform: ONDC will be a more open and transparent platform than the existing e-commerce platforms. This is because ONDC will use open standards, which will make it easier for buyers and sellers to connect with each other. Lower fees: ONDC is expected to charge lower fees than the existing e-commerce platforms. This is because ONDC will not be a profit-making organization. More focus on small businesses: ONDC will focus on small businesses and retailers. This is because ONDC will be open to all sellers, regardless of their size. Overall, ONDC is a promising initiative that has the potential to revolutionize the Indian e-commerce market. By creating a more competitive market, lowering prices, and giving consumers more choice, ONDC will benefit all stakeholders in the market.
