Zoho, Uber, Paytm, and BSE Contribute ₹220 Crore to ONDC
Zoho, Uber, Paytm, BSE invest Rs 220 crore in ONDC
The Economic Times
Image: The Economic Times
The Open Network for Digital Commerce (ONDC) has secured ₹220 crore in funding from Zoho, Uber, Paytm, and BSE Technologies. This investment aims to enhance multimodal transportation and logistics capabilities within the network.
- 01Zoho invested ₹70 crore in ONDC.
- 02Both Uber and Paytm contributed ₹60 crore each.
- 03BSE Technologies provided ₹30 crore to the initiative.
- 04Uber aims to enhance access to multimodal transportation through this investment.
- 05The funding is part of ONDC's efforts to strengthen logistics for businesses and independent earners.
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The Open Network for Digital Commerce (ONDC) has successfully raised ₹220 crore in primary capital from notable investors including Zoho, Uber, Paytm, and BSE Technologies, as reported in a regulatory filing. Zoho contributed ₹70 crore, while both Uber and Paytm invested ₹60 crore each. BSE Technologies added ₹30 crore to the funding pool. In a statement, Uber highlighted that this investment builds on its previous integration with ONDC, focusing on expanding access to multimodal transportation and enhancing logistics capabilities for businesses and independent earners on the network.
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This investment is expected to enhance digital commerce infrastructure and transportation services in India.
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