The Open Network for Digital Commerce has raised ₹220 crore, or approximately $23.1 million, from four strategic investors as it seeks to expand India’s open digital commerce infrastructure. The government-backed network secured investments from Zoho, Uber India, Paytm parent One97 Communications, and BSE Technologies, according to documents filed with the Registrar of Companies.
Zoho emerged as the largest contributor in the funding round with an investment of ₹70 crore. Uber India and One97 Communications each invested ₹60 crore, while BSE Technologies contributed ₹30 crore. As part of the transaction, ONDC allotted 2.2 crore equity shares with a face value of ₹100 each to the participating investors on a private placement basis.
The funding brings a new set of technology and financial services companies into ONDC’s investor base. The participation of Zoho, Uber India, One97 Communications, and BSE Technologies represents continued investor interest in the open digital commerce network. This investment aims to enhance ONDC’s digital commerce infrastructure and expand industry participation across the platform.
ONDC CFO Krishan Agarwal said the successful fundraise validates that open digital networks are transforming commerce in India by fostering a level playing field for businesses. The company has approved a broader fundraising program for up to ₹430 crore and plans to raise another ₹210 crore as it scales its digital commerce operations.
The network has been expanding beyond its original e-commerce focus into mobility, food delivery, and hotel bookings. The new investors bring diverse expertise spanning enterprise software, ride-hailing and logistics, digital payments, and financial services, which aligns with ONDC’s efforts to build a comprehensive digital commerce ecosystem in India.
Read Article: Indian IT Giants Infosys, TCS, Wipro Deploy Microsoft 365 Copilot to Over 300,000 Employees
