The Open Network for Digital Commerce has raised Rs 220 crore in primary capital from software firm Zoho, mobility platform Uber, fintech company Paytm and stock exchange operator BSE‘s technology solutions unit, according to a regulatory filing made with the Registrar of Companies (RoC).
While Zoho Corporation has invested Rs 70 crore as a part of this round, Uber and Paytm have invested Rs 60 crore each. BSE Technologies has injected Rs 30 crore into the government-backed digital commerce entity.
In a statement on Tuesday, Uber said that the investment builds on its earlier integration with ONDC as it looks to unlock new avenues for mobility with the network. “As part of this investment, Uber will work closely with ONDC to expand access to multimodal transportation, including public transit integrations, while also strengthening its logistics capabilities to better serve businesses and independent earners on the network,” it said.