ONDC Raises ₹220 Crore From Uber, Zoho, Paytm, BSE
The Open Network for Digital Commerce (ONDC) has raised ₹220 crore ($23.1 million) from strategic investors including Uber, Zoho, Paytm, and BSE.
India's Open Network for Digital Commerce (ONDC) has secured ₹220 crore (approximately $23.1 million) in a funding round from strategic investors Uber, Zoho, Paytm's parent company One97 Communications, and BSE.
ONDC issued 2.2 crore equity shares at a face value of ₹100 each through a private placement. Software firm Zoho emerged as the largest investor, injecting ₹70 crore. Uber India and Paytm each invested ₹60 crore, while BSE contributed ₹30 crore.
ONDC's CFO, Krishan Agarwal, stated in a LinkedIn post that the investment reinforces the conviction in open digital networks reshaping commerce in India. He highlighted that participation from respected organizations validates the network's progress and long-term potential.
The government-backed ONDC aims to expand its digital commerce infrastructure and increase industry participation. Established in December 2021, the network enables interoperability between buyer and seller applications, expanding beyond e-commerce to include mobility, logistics, and financial services. It reported facilitating 21.8 crore transactions in fiscal year 2026.