ONDC rails infrastructure startup Plotch.ai raises pre-seed funding led by Antler India

Indian ONDC rails infrastructure company Plotch.ai has raised an undisclosed amount in a pre-seed funding round led by Antler India, with participation from Peak XV, Global Founders Capital, and Apoletto. 

According to the startup, the raised proceeds would be used towards enhancing its ONDC product suite and building cutting-edge capabilities as a Technology Services Provider (TSP) in the emerging ONDC ecosystem.

Founded by Manoj Gupta and Monica Gupta, Plotch.ai has built three flagship products that include Node, a full-stack application that helps buyer and seller apps operate in the ONDC network; Nodedesk, an ONDC-enabled product for grievance management of customers; and Nodepay for node-to-node network payments.

The startup claims to have served over 15 large and mid-scale enterprises like Meesho, IDFC First Bank, PayTM, Spicemoney and Ideamasters to join ONDC with the fastest go-to market. 

"More than being an ONDC rails infrastructure company, we are also innovating at the frontier of AI in e-commerce in ONDC with our partnership with Google, and helping consumers and sellers buy and sell using voice. We believe that in the next 5 years, our ONDC rails will power more than a billion network calls per day across various domains like commerce, logistics, mobility, and fintech," said Manoj Gupta, co-founder, Plotch.ai.

"At Antler, we were one of the first VCs to go very deep into a thesis on the game-changing potential of ONDC, asking ourselves whether it could do digital commerce what UPI did to payments. As the leading Technology Service Provider (TSP), Plotch.ai is doing foundational work to enable rapid scaling of this network. With Manoj and Monica's decade-long deep expertise in e-commerce in India, we are excited to partner with them to build a large infrastructure rails business," said Nitin Sharma, partner, Antler India.

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