Antler, Peak XV, and other investors provide Pre-seed funding to Plotch.ai
Antler India served as the primary investor in the pre-seed funding raised by Plotch.ai, an ONDC rails infrastructure company. Apoletto, Peak XV, and Global Founders Capital also took part in the round.
Plotch.ai stated in a press release that the money will be used to improve its ONDC product line and develop capabilities as the top Technology Services Provider (TSP) in the developing ONDC ecosystem.
Manoj Gupta founded Plotch.ai, whose flagship product NodeApp enables the instantiation of buyer and seller apps in the ONDC network using a three-layer full-stack technology solution. Additionally, Plotch.ai and IDFC First Bank created Nodepay for node-to-node network payments and Nodedesk, an ONDC-enabled CRM product, for managing customer complaints.
Plotch.ai asserts that it has already assisted over 15 large and mid-sized businesses, including Meesho, IDFC First Bank, Paytm, Spice Money, and Ideamasters, in joining ONDC with the quickest go-to-market.
Large and mid-sized businesses are able to enable 500 million customers and 100 million SMEs in India to transact on the ONDC network by using Plotch.ai’s comprehensive suite of software products for setting up node infrastructure, node-to-node payments, and network grievance management.
Presently, ONDC is active in B2C and B2B retail, logistics, and mobility, averaging more than 50,000 daily transactions across these industries. By the end of the year, it is anticipated to handle more than 200,000 transactions per day.
