Plotch.ai raises pre-seed funding from Antler, Peak XV, others

Plotch.ai, an ONDC rails infrastructure company, has raised its pre-seed funding led by Antler India. The round also saw participation from Peak XV, Global Founders Capital, and Apoletto. 

The funds will be used by Plotch.ai to enhance its ONDC product suite and build capabilities as the leading Technology Services Provider (TSP) in the emerging ONDC ecosystem, the company said in a press release.

Founded by Manoj Gupta, Plotch.ai’s flagship product NodeApp helps buyer and seller apps in the ONDC network to be instantiated using a 3-layer full stack technology solution. Plotch.ai has also developed Nodepay along with IDFC First bank for node-to-node network payments and an ONDC-enabled CRM product Nodedesk for grievance management of customers.

Plotch.ai claims to have already helped over 15 large and mid-scale enterprises like Meesho, IDFC First Bank, Paytm, Spice Money and Ideamasters to join ONDC with the fastest go-to market. 

Using Plotch.ai’s comprehensive suite of software products for setting up node infrastructure, node-to-node payments and network grievance management, large and mid-scale enterprises are able to empower 500 million customers and 100 million SMEs in India to transact on the ONDC network.

ONDC currently has presence in B2C and B2B retail, logistics and mobility with more than 50,000 transactions per day across these domains. It is expected to touch more than 200,000 transactions per day by the end of the year.