Zoho Puts ₹70 Cr Into ONDC As Network Hits 21.8 Cr FY26 Transactions Across 616 Cities
Zoho's ₹70 Cr ($7.3 Mn) bet backs ONDC's sovereign commerce stack as the network scales to 7.64 Lakh sellers and 11x rural order growth in FY26. But retail volumes have softened from the 6.5 Mn October 2024 peak to 4.6 Mn in February 2025, raising questions on post-subsidy traction.
Zoho invested ₹70 Cr in ONDC to back sovereign digital commerce infrastructure and MSME adoption. ONDC reports 21.8 Cr FY26 transactions across 616 cities with 7.64 Lakh sellers, though retail order volumes have softened since October 2024 peak.