The Mumbai-based agency didn’t disclose the quantity of funding raised, however cofounder Manoj Gupta instructed ETtech that the funds can be used to “double down on our ONDC product suite and expand our client base”. Plotch.ai has already labored with the likes of ecommerce platform Meesho, banking agency IDFC First Bank, and digital funds and monetary providers agency Paytm, it stated in a press release.
Plotch.ai’s product suite consists of the likes of Nodeapp, a full-stack software that helps purchaser and vendor apps function within the ONDC community, and Nodedesk, an ONDC-enabled product for grievance administration of shoppers, the agency stated.
“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,” stated Nitin Sharma, Partner at Antler India, in a press release.
ET just lately reported {that a} examine achieved by the Industrial Credit and Investment Corporation of India (ICCI) providers monetary agency confirmed that each day transactions within the ONDC community would scale as much as 200,000 by December, from 80,000 now. ONDC’s chief business officer, Shireesh Joshi, on Tuesday instructed ET that the platform has been seeing a rise in transactions throughout the board, however declined to offer present 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,” stated T Koshy, CEO and Managing Director of ONDC.
Discover the tales of your curiosity
Source: economictimes.indiatimes.com