Chenna-headquartered Zoho Corporation, a global technology company announces that Zoho Commerce, its unified platform for ecommerce, will integrate with the Open Network for Digital Commerce (ONDC) as a technology service provider to help customers adopt and leverage the open network to reach out to a wider audience.
As a recent report indicates, India's ecommerce market is expected to reach $120 billion by 2026, up from $38 billion in 2021. ONDC, a Ministry of Commerce initiative, will enable sellers to tap this massive market by offering an equitable and secure platform that integrates multiple sellers, buyers, and logistics players.
"Zoho takes pride in being a part of this e-commerce revolution in a thriving digital India," said Anand Nergunam, Vice President, Revenue Growth, Zoho Corp. "We believe that ONDC will create a level playing field for small businesses and other sellers who have been vastly under-represented in the sector's growth in recent years. With a robust platform like Zoho Commerce, retailers can quickly create online stores and establish their presence on ONDC. Our vision is to help businesses of all sizes and across categories to capitalise on the huge potential of e-commerce by supporting them with easy-to-use tools, covering the entire spectrum of commerce—from discovery to collection—at an affordable price."
"We're glad to be working in tandem with technology service providers like Zoho to accelerate and improve the end-to-end ecosystem experience and make digital commerce accessible to a wider audience of buyers and sellers across India," said T Koshy, Chief Executive Officer, ONDC. "We will continue to drive forward in our aim to reduce entry barriers for sellers, and increase the variety of and accessibility to goods and services for buyers through the network."
In the coming months, Zoho will strengthen its participation in ONDC by onboarding other products from its portfolio such as Zoho Books and Zoho Inventory, with the aim of fostering and enhancing the e-commerce ecosystem in the country.