India, June 2 -- The Open Network for Digital Commerce (ONDC) has raised Rs.220 Cr ($23.1 Mn) from four strategic investors, including Uber, Zoho, Paytm-parent One97 Communications and BSE.

According to a board resolution passed on May 12, 2026, ONDC allotted 2.2 Cr equity shares with a face value of Rs.100 each on a private placement basis to the aforementioned investors. Zoho emerged as the largest investor in the round, infusing Rs.70 Cr. While Uber India and Paytm invested Rs.60 Cr each, BSE infused Rs.30 Cr.

In a post on LinkedIn, ONDC's CFO Krishan Agarwal said that the investment represents further amplification in the conviction that open digital networks are fundamentally reshaping how commerce is conducted in India by creating...