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E-commerce platform ONDC gets fund infusion of Rs 157.5 cr, more to follow

DPIIT e-commerce brainchild expects to raise Rs 42.5 cr more

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Sharleen D'Souza Mumbai

3 min read Last Updated : Apr 07 2022 | 6:05 AM IST

Open Network Digital Commerce (ONDC) has received a fund infusion of Rs 157.5 crore for the first stage of its project from 17 banks and financial institutions, according to a source in the know.

The platform is expected to receive funds from a couple of other players in the next month which could take the total invested amount to Rs 200 crore, the source added.

So far, ONDC has received investment from Quality Council of India, Protean (earlier known as NSDL eGov), NABARD (National Bank for Agriculture and Rural Development), SIDBI (Small Industries Bank of India), SBI (State Bank of

Topics : e commerce UCO Bank fund raising

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