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Funding · Commerce & Consumer Brands

ONDC raises Rs 220 Cr from Zoho, Uber, Paytm, BSE Tech

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Date
Company
ONDC
What it does
Open digital commerce network
Kind
Funding
Amount
Rs 220 Cr
Stage
Series A
Founded
Dec 2021
Sector
Commerce & Consumer Brands

What they do

ONDC is an open interoperable digital commerce network connecting buyers and sellers across platforms

What happened

The company raised Rs 220 Cr from Zoho, Uber, Paytm, and BSE Technologies in a private placement

Why it matters

This funding supports ONDC 2.0 as it transitions from proof of concept to national infrastructure

The details

  • ONDC has received Rs 220 Cr in fresh capital from four major investors.
  • Zoho, Uber, Paytm, and BSE Technologies each contributed significant amounts to the round.
  • Zoho invested Rs 70 Cr, while Uber and Paytm contributed Rs 60 Cr each.
  • BSE Technologies provided Rs 30 Cr as part of the total investment package.
  • The funds were raised through a private placement of equity shares.
  • ONDC plans to use this capital for AI integration and sector expansion.
  • The company is transitioning its focus from a pilot project to national infrastructure.

The bigger picture

  • ONDC faces intense competition from established ecommerce and quick-commerce players.
  • The network aims to support kirana stores, farmers, artisans, and rural sellers.
  • DPIIT provides backing to ensure the network's growth and stability.
  • This round validates the interoperable commerce model among major tech firms.

About the business

  • ONDC operates as a Section 8 company focused on open digital commerce.
  • It allows buyer and seller apps to transact regardless of the platform used.
  • The network covers retail ecommerce, logistics, mobility, tourism, and financial services.
  • Over 764,000 sellers and providers are currently onboarded to the network.
  • ONDC operates in 616 cities across India with daily metro bookings exceeding 300,000.
  • Cumulative transactions have surpassed 450 million since inception.
  • In FY26 alone, the network processed 218 million transactions.
  • Uber integrates metro ticketing and B2B logistics into the ONDC ecosystem.
  • Zoho tools like Vikra and ERP help MSMEs manage inventory and commerce.

What happens next

  • ONDC will launch ONDC 2.0 to transition from proof of concept to national infrastructure.
  • The company will invest in AI and agentic commerce technologies.
  • DigiCatalog and quality assurance systems will be expanded.
  • New sectors will be added to the existing service categories.

The deal

Type
Private Placement

Investors

  • Zoho (lead) — Invested Rs 70 Cr to integrate ERP and commerce tools for MSMEs.
  • Uber (co-lead) — Invested Rs 60 Cr to expand metro ticketing and logistics capabilities.
  • Paytm (participated) — Invested Rs 60 Cr to enhance financial services on the network.
  • BSE Technologies (participated) — Invested Rs 30 Cr to support market infrastructure integration.

Founders

  • Quality Council of India, Founder
  • Protean eGov Technologies, Founder

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