Venture Catalysts Heads Funding In ONDC Rails Infra Platform Plotch.ai

Venture Catalysts, an early-stage investment firm, on Monday, said that it has led an undisclosed seed funding round worth for Plotch.ai, the country's largest ONDC rails infrastructure company, playing a critical role in enabling seamless participation in the Open Network for Digital Commerce (ONDC). With Venture Catalysts and AC Ventures contributing this investment will fuel Plotch.ai's continued growth and solidify its position as a leader in facilitating ONDC adoption.

Dr Apoorva Ranjan Sharma, MD & CEO of Venture Catalysts, said, “Venture Catalysts is confident that Plotch.ai will play a pivotal role in democratizing digital commerce for millions of businesses and consumers across the nation.”

Manoj Gupta, CEO, Plotch.ai, added, “This investment serves as a significant validation of our vision for ONDC. We are steadfastly committed to empowering businesses and fostering a thriving e-commerce ecosystem that is inclusive and accessible to all. With Venture Catalysts' invaluable support, we will accelerate product development, expand our customer base, and play a leading role in building a truly inclusive digital marketplace for India.”

"Technology service providers (TSPs) are catalysing the growth of the ONDC network. Plotch.ai has played a critical role in some of the key launches in the network. We hope to see a lot more enablers like Plotch.ai in the ONDC network", said T Koshy, CEO and MD of ONDC.

Plotch.ai's impressive track record speaks volumes about its impact. The company currently processes close to 1 million transactions every month, experiencing a remarkable 100 per cent month-on-month growth.  They have fostered a strong client base that includes leading names like Snapdeal, Meesho, Paytm, Marico, and Bluestar, highlighting their industry credibility.  Furthermore, Plotch.ai's strategic partnership with Google to integrate AI into the ONDC network is a pioneering move that will promote local language adoption and enhance accessibility for rural India.  This commitment to innovation has been recognized by ONDC itself, awarding Plotch.ai the prestigious "Best Tech Company" distinction.

With a strategic roadmap focused on achieving 10 million transactions per month within the next 12 months and reaching $100 million in revenue by the end of the decade, Plotch.ai is poised for exponential growth and innovation in the years to come. The funding infusion, led by Venture Catalysts, will primarily be allocated towards product development (70 per cent), customer growth (20 per cent), and client acquisition (10 per cent), solidifying Plotch.ai's position as a frontrunner in India’s digital commerce revolution.