When was ONDC founded?

ONDC was founded in 2021 and raised its 1st funding round 1 year after it was founded.

Where is ONDC located?

ONDC is headquartered in Delhi, India. It is registered at 3rd Floor, 7/6, Siri Fort Institutional Area, August Kranti Marg, New Delhi, New Delhi, Delhi, India, 110049.

Which legal entities is ONDC associated with?

ONDC is associated with OPEN NETWORK FOR DIGITAL COMMERCE.

How many employees does ONDC have?

As of May 31, 2026, the latest employee count at ONDC is 90.

Is ONDC a funded company?

ONDC is a funded company, having raised a total of $46M across 6 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Mar 23, 2022.

How much is ONDC worth?

The latest valuation of ONDC is $***** as of May 13, 2026.

When was the latest funding round of ONDC?

ONDC's latest funding was a $***** Series D round on May 13, 2026, with participation from 3 investors.

What is the annual revenue of ONDC?

Annual revenue of ONDC is between ₹10 Cr and ₹50 Cr as on Mar 31, 2026

Where does ONDC rank among its competitors?

ONDC ranks 3rd amongst 39 active competitors, of which 5 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was ONDC, which secured $23.1M in May, 2026.

Who are the top competitors of ONDC?

ONDC's top competitors include VTEX, Trace One and NuORDER. Among them, ONDC secured the most recent funding round in May, 2026.

ONDC - 2026 Company Profile, Team, Funding, Competitors & Financials

ONDC is a series D company based in Delhi (India), founded in 2021. It operates as a Network facilitating interoperability between digital commerce applications and service providers. ONDC has raised $46M in funding from Bank of India and RBL Bank, with a current valuation of $*****. The company has 39 active competitors, including 5 funded and 5 that have exited. Its top competitors include companies like VTEX, Trace One and NuORDER.

Company Details

Network facilitating interoperability between digital commerce applications and service providers. This infrastructure enables communication between buyer and seller applications to allow for the exchange of goods and services. It supports various domains including retail, logistics, and financial services by providing a standardized protocol for digital transactions. The framework allows independent software applications to connect and interact within a unified ecosystem.

Website: www.ondc.org/
Social
Email ID: *****@ondc.org
Registered Address: 3rd Floor, 7/6, Siri Fort Institutional Area, August Kranti Marg, New Delhi, New Delhi, Delhi, India, 110049

Key Metrics

Founded Year

2021

Location

Delhi, India

Stage

Series D

Total Funding

$46M in 6 rounds

Latest Funding Round

Series D, May 13, 2026, $*****

Post Money Valuation

$***** as on May 13, 2026

Investors

Bank of India & 18 more

Ranked

3^rd among 39 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2026

Employee Count

90 as on May 31, 2026

Similar Companies

VTEX & 18 more

View ONDC's full profile

ONDC is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
OPEN NETWORK FOR DIGITAL COMMERCE CIN: U85300DL2021NPL391850 , India, Active	Dec 30, 2021	₹10 - ₹50 Cr (As on Mar 31, 2026)	90 (As on May 31, 2026)

ONDC has raised a total funding of $46M over 6 rounds. Its first funding round was on Mar 23, 2022. Its latest funding round was a Series D round on May 13, 2026 for $*****. 3 investors participated in its latest round. ONDC has 19 institutional investors.

Here is the list of recent funding rounds of ONDC:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 13, 2026	1524608	Series D	4655656	5895879	2150659	6484068
Jan 21, 2024	9262566	Series C	6892537	2644504	1580364	Protean eGov Technologies
Dec 13, 2023	5720146	Series C	2103646	9025040	RBL Bank	8295323

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View details of ONDC's funding rounds and investors

ONDC's Board of Directors

ONDC's board has 12 active members. Hitesh Pradipbhai Sachdev, Sundararaman Ramamurthy, Ateesh Kumar Singh, Adil Zainulbhai, Ritesh Ramkrishna Tiwari, Kadagatoor Venkateshmurthy Sheetal, Anupam Mishra, Rakesh Ramesh Dosi, Sunil Jeevrajji Singhi, Anjali Bansal, Vibhor Jain and Shaji Krishnan are part of team.

Here is the list of ONDC's board of directors:

Name	Type	Representing	Status	Duration
cu{btgg	Team	-	Current	4y 3m
ldzabiw	Team	-	Current	2y 1m
xshkuzw	Team	-	Past	3y 1m
napmsvc	Team	-	Past	9y 2m
evsjncw	Team	-	Past	2y 9m
oqtblet	Team	-	Past	3y 9m
Ateesh Kumar Singh	Investor	-	Current	3y 10m
Kadagatoor Venkateshmurthy Sheetal	Investor	-	Current	1y 5m
yiqhtet	Investor	fodyeew	Current	3y 4m
zjqouav	Investor	-	Past	9y 2m
etnhjhp	Investor	-	Past	5y 1m
hdhgiwx	Investor	-	Past	4y 9m

ONDC's employee count trend

ONDC has 90 employees as of May 26. The total employee count is 2.0% lower than what it was in May 25. Here is ONDC's employee count trend over the years:

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Top competitors of ONDC include VTEX, Trace One and NuORDER. Here is the list of Top 10 competitors of ONDC, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	VTEX 2000, New York City (United States), Public	Provider of SaaS-based collaborative commerce solutions for brands and retailers	$365M	Lone Pine Capital, Riverwood Capital & 8 others	73/100
2nd	Trace One 2001, Boston (United States), Acquired	PLM and compliance SaaS solutions for food, cosmetics, and chemical industries	$6.4M	Draper Esprit, TempoCap & 6 others	62/100
3rd	ONDC 2021, Delhi (India), Series D	Network facilitating interoperability between digital commerce applications and service providers	$46M	Uber, Kotak Bank & 17 others	53/100
4th	NuORDER 2011, Los Angeles (United States), Acquired	Provider of B2B commerce platform solutions for brands and retailers	$71M	Brighton Park Capital, Upfront Ventures & 17 others	60/100
5th	Inex One 2018, Stockholm (Sweden), Seed	Provider of software for managing research calls and survey projects	$3M	J12, Advent International & 11 others	50/100
6th	Intershop 1992, Jena (Germany), Public	Provider of B2B e-commerce platform with AI-powered commerce intelligence	-	Daniel Gutenberg, NeueCapital & 1 others	47/100
7th	Abound 2019, New York City (United States), Series B	Online B2B platform for multi-category products	$59.6M	Left Lane Capital, RiverPark Ventures & 5 others	42/100
8th	Techsembly 2019, Singapore (Singapore), Acquired	Platform offering cross border marketplace SaaS solution for hospitality and eCommerce	$1.37M	SuperSeed, Hezar Ventures	36/100
9th	Foundation 2022, Bellevue (United States), Seed	Tech-enabled platform offering multi-category solutions for the enterprise	$3M	Founders' Co-op, Upside Partnership & 2 others	32/100
10th	Baia Group 2020, London (United Kingdom), Funding Raised	Platform offering crowd-sourced collaborative commerce for businesses	-	Launch Africa, Antler	29/100

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OPEN NETWORK FOR DIGITAL COMMERCE, the legal entity associated with ONDC, generated between ₹10 Cr and ₹50 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of OPEN NETWORK FOR DIGITAL COMMERCE has a compounded annual growth rate (CAGR) of -24% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	1024	7577	1264	4256	5057
Total Sales	2416	3869	3062	2169	4519
Total Expenses	2000	2305	7237	5979	6678
Operating Expenses	1329	5944	8536	9818	9159
Employee Expenses	5824	4812	8906	1010	7364
Marketing Expenses	9956	8036	8065	8564	4057
Operating Income (EBIT)	5875	6467	1495	7797	8793
Interest Expenses	1807	4931	8662	3868	7210
Expenses from other activities	2411	5917	1940	2696	8686
Information Technology Expenses	8897	4139	8197	4787	7718
EBITDA	3152	4038	5549	4921	2140
Taxes	7127	6496	8531	2137	7773
Net Profit	2451	1487	7874	9579	5747
Balance Sheet
Assets	5060	1771	2053	2297	7397
Cash Equivalent	2278	4847	5778	8625	1734
Accounts Receivables	9229	8454	6399	7305	5928
Inventory	1421	6950	8217	6202	7236
Liabilities	8299	2151	9841	2531	8540
Total Debt	9521	5530	3848	4896	3674
Accounts Payable	4331	4219	9516	3145	2627
Equities	2951	3353	4124	2901	9963
Cashflow Statement
Cash from Operating activities	3062	8857	5570	8066	2347
Cash from Investing activities	7771	1943	8740	3088	7197
Net cash from Financing activities	1463	4272	4588	4039	1086