Zoho, Uber, Paytm, BSE invest in ONDC
03 Jun 2026, 12:36 PMThe fresh capital will be used to strengthen ONDC's digital commerce infrastructure and deepen industry participation, among others.
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Open Network for Digital Commerce (ONDC) is raising Rs 430 crore through a private placement of equity shares.
The government-backed digital commerce network has already raised Rs 220 crore from Zoho, Uber, Paytm-parent One97 Communications, and BSE Technologies as part of the broader fundraising programme.
Zoho has emerged as the largest investor, contributing Rs 70 crore, while Uber and Paytm invested Rs 60 crore each. BSE Technologies infused Rs 30 crore into the network.
The fresh capital will be used to strengthen ONDC's digital commerce infrastructure, deepen industry participation, expand adoption across retail commerce, mobility and financial services, and support its ONDC 2.0 strategy.
The organisation is also looking to develop AI-driven commerce capabilities and digital public infrastructure initiatives to reduce participation barriers for businesses.
In a LinkedIn post, ONDC Chief Financial Officer Krishan Agarwal said that the participation of the four companies reflects growing confidence in the open network model.
"For ONDC, this investment is more than capital. It represents further amplification in the conviction that open digital networks are fundamentally reshaping how commerce is conducted in India by creating a level playing field for businesses of all sizes and enabling greater choice for consumers," said Agarwal.
ONDC was incorporated in December 2021 as a Section 8 company by the Quality Council of India (QCI) and Protean eGov Technologies. Backed by the Department for Promotion of Industry and Internal Trade (DPIIT), the network enables interoperability between buyer and seller applications, allowing businesses and consumers to transact across platforms.
Over the years, ONDC has expanded beyond retail e-commerce into mobility, logistics and financial services, and claims to have facilitated 21.8 crore transactions during FY26. It currently operates in 616 cities with more than 7.64 lakh sellers and service providers on the network.
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