ONDC Secures Rs 430 Crore Investment for Digital Commerce Growth

ONDC, the government-supported digital commerce network, is raising Rs 430 crore from a collective of strategic investors, such as Zoho, Uber, Paytm, NSE, BSE Technologies, AMUL, SBI, and PNB, as it prepares for its next growth phase through the ONDC 2.0 approach. Recent filings obtained from the Registrar of Companies (RoC) indicate that ONDC has already acquired Rs 220 crore of this funding.

In this funding round, SaaS provider Zoho has emerged as the major contributor with an investment of Rs 70 crore. Both Uber and Paytm have each invested Rs 60 crore, while BSE Technologies, the tech division of BSE, has contributed the remaining Rs 30 crore. The remaining amount of Rs 210 crore is expected to be raised in one or more phases by a mix of current and new strategic investors.

Future Contributions and Investments

The National Stock Exchange, Quality Council of India, Punjab National Bank, the dairy giant Amul, and the National Agricultural Cooperative Marketing Federation of India Limited are set to invest Rs 30 crore each. Meanwhile, the State Bank of India is anticipated to add Rs 60 crore to this funding initiative.

Utilising Funding for ONDC 2.0 Strategy

This new capital is aimed at supporting ONDC as it transitions to its ONDC 2.0 strategy, which is centered around creating a national digital commerce framework. The allocated funds will finance AI-driven and agentic commerce initiatives, as well as digital public infrastructure efforts like DigiCatalog, quality assurance, and expansion into crucial sectors.

Until the time of publishing, queries sent to ONDC had not received a response. Updates will be provided if a response is obtained.

ONDC, which operates under the auspices of the Department for Promotion of Industry and Internal Trade (DPIIT), is working to establish an interoperable ecommerce ecosystem aimed at lowering entry barriers for businesses. In FY26, the network processed 218 million transactions.

Recently, Zoho reported its investment of Rs 70 crore in ONDC to aid in the development of sovereignty in digital infrastructure in India, thereby enhancing technology access for MSMEs.