The Mumbai-based firm did not disclose the amount of funding raised, but cofounder Manoj Gupta told ETtech that the funds would be used to “double down on our ONDC product suite and expand our client base”. Plotch.ai has already worked with the likes of ecommerce platform Meesho, banking firm IDFC First Bank, and digital payments and financial services firm Paytm, it said in a statement.
Plotch.ai’s product suite includes the likes of Nodeapp, a full-stack application that helps buyer and seller apps operate in the ONDC network, and Nodedesk, an ONDC-enabled product for grievance management of customers, the firm said.
“Ecommerce requires moving atoms, not just bits, and also requires aggregation of a large number of small players. ONDC has a massive vision around reimagining and unbundling commerce, and we are committed to making more investments into the space. As the leading Technology Service Provider (TSP), Plotch.ai is doing foundational work to enable rapid scaling of this network,” said Nitin Sharma, Partner at Antler India, in a statement.
ET recently reported that a study done by the Industrial Credit and Investment Corporation of India (ICCI) services financial firm showed that daily transactions in the ONDC network would scale up to 200,000 by December, from 80,000 now. ONDC’s chief business officer, Shireesh Joshi, on Tuesday told ET that the platform has been seeing an increase in transactions across the board, but declined to give current numbers or projections.
“ONDC is growing at a rapid pace and it therefore needs technology solution providers that can help in scaling the network seamlessly. The role of technology accelerators like Plotch.ai is critical in this journey,” said T Koshy, CEO and Managing Director of ONDC.
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