ONDC to raise Rs 430 Cr from SBI, Zoho, Uber, Paytm, Amul and others
- ByStartupStory | June 8, 2026
Government-backed digital commerce network Open Network for Digital Commerce (ONDC) is raising Rs 430 crore from a group of strategic investors, including Zoho, Uber, Paytm, NSE, BSE Technologies, AMUL, SBI, PNB and others, as it gears up for its next phase of growth under the ONDC 2.0 strategy.
According to regulatory filings accessed from the Registrar of Companies (RoC), ONDC has already received Rs 220 crore. SaaS firm Zoho emerged as the largest contributor with Rs 70 crore, while Uber and Paytm invested Rs 60 crore each. BSE Technologies, the technology arm of BSE, infused the remaining Rs 30 crore.
As per the filing, the remaining Rs 210 crore is expected to be infused in one or more tranches by a mix of existing and new strategic investors. National Stock Exchange, Quality Council of India, Punjab National Bank, dairy giant Amul, and National Agricultural Cooperative Marketing Federation of India Limited are slated to invest Rs 30 crore each, while State Bank of India will contribute Rs 60 crore.
The fresh capital will support ONDC’s transition to its ONDC 2.0 strategy, focused on building a national digital commerce infrastructure. The funds will be deployed toward AI-led and agentic commerce initiatives, digital public infrastructure projects such as DigiCatalog, quality assurance, and expansion across key sectors.
Queries sent to ONDC remained unanswered till the time of publication. We will update the story if and when we receive a response.
ONDC, backed by the Department for Promotion of Industry and Internal Trade (DPIIT), is building an interoperable ecommerce network designed to reduce entry barriers for businesses. The network processed 218 million transactions in FY26.
Last month, Zoho announced its Rs 70 crore investment in ONDC to support the development of sovereign digital infrastructure in India and strengthen technology access for MSMEs.
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