Zoho commits Rs 70 crore to ONDC, backing India's sovereign commerce stack
Enterprise software firm Zoho has invested Rs 70 crore in ONDC to bolster the open network and help MSMEs scale. ONDC logged 218 million transactions in FY26, signalling growing traction for India's interoperable digital commerce rails.
What happened
Zoho Corporation has invested Rs 70 crore in ONDC to strengthen India's sovereign digital commerce stack and help MSMEs scale on the network. ONDC clocked 218
Key facts
- Rs 70 crore
- 218 million transactions FY26
Why this matters
Zoho's strategic infusion reframes ONDC partnerships as table-stakes for commerce-adjacent M&A theses, raising the urgency to scope alliances or tuck-ins that own seller tooling on the open stack.