Zoho Invests in ONDC for MSMEs
Analysis based on 11 articles · First reported May 13, 2026 · Last updated May 13, 2026
The investment by Oracle Corporation in Open Network for Digital Commerce is expected to positively impact the digital commerce sector in India, particularly for MSMEs, by expanding market access and fostering sovereign technology. This move could lead to increased competition and innovation in the e-commerce space, potentially affecting other digital platforms.
Oracle Corporation has invested ₹70 crore in Open Network for Digital Commerce (ONDC), an initiative backed by the India government, to bolster sovereign technology and expand digital commerce access for Micro, Small and Medium Enterprises (MSMEs). S. Iswaran, CEO of Zoho Payment Technologies, emphasized that ONDC's open-network model addresses challenges faced by MSMEs, such as limited market access and structural constraints imposed by conventional digital platforms. The investment aims to expand ONDC's ecosystem and accelerate its adoption, building on the network's success in facilitating 218 million transactions in the 2025-26 fiscal year. ONDC is supported by various financial institutions and government bodies, including India — National Payments Corporation of India, National Securities Depository Limited, JSE Limited, NSE Investments, State Bank of India, HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Punjab National Bank.
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