Zoho Commits Rs 70 Cr to ONDC, Doubles Down on Sovereign Commerce Stack
Chennai-based SaaS major Zoho is investing Rs 70 crore in ONDC to back sovereign digital commerce rails and accelerate MSME digitisation. The capital reinforces Zoho's Vikra seller app, Books, Inventory and Commerce integrations on a network that clocked 218M transactions in FY25-26 with 11x order volume growth.
What happened
Chennai-based SaaS firm Zoho invested Rs 70 crore in ONDC to support sovereign digital commerce infrastructure and MSME digitisation, leveraging its finance
Key facts
- Rs 70 crore
- 218 million transactions FY25-26
- 10,000+ kirana stores
- 11x order volume growth
Why this matters
Zoho's Vikra-Books-Inventory stack on ONDC creates a defensible MSME commerce bundle; watch for reciprocal partnership or acquisition plays from payment, logistics, and D2C enablement players seeking ONDC-native distribution.