Revolutionizing Digital Transactions Through ONDC Network Infrastructure🌐
Plotch, a leading ONDC rails infrastructure provider, has achieved a significant milestone of 10 million cumulative transactions this year through its robust network infrastructure. Founded in 2022 by Craftsvilla founder Manoj Gupta, the company specializes in AI enterprise software solutions for the ONDC network.
Moving Towards 100 Million Transactions 🔄
- Plotch.ai aims to reach the next milestone of 100 million cumulative transactions through its network.
- The company’s focus remains on increasing the number of transactions, with a target of achieving 1 billion transactions per month by the end of the decade.
- Plotch.ai is bolstering its AI infrastructure through a strategic partnership with Google Cloud, enhancing its capabilities within the ONDC framework.
Strong Clientele and Impressive Growth Trajectory 📈
- Backed by prominent venture capital firms including Antler India and Venture Catalysts, Plotch.ai serves clients such as Snapdeal, Ola, Meesho, and Bluestar.
- The company has experienced a remarkable 1000 times increase in transaction volume over the past two years.
- Google Cloud India, through its Vice President and Country MD Bikram Singh Bedi, acknowledges its collaboration with Plotch.ai in achieving this milestone and continues to support its infrastructure scaling efforts.
ONDC Network’s Growth and Projection 📊
- ONDC recently announced the completion of 68 million transactions within its network, with Plotch.ai powering approximately 30% of all retail category transactions.
- Based on current growth trends, ONDC anticipates three billion quarterly transactions in the next three years, with 750 million transactions facilitated by Plotch.ai’s platform.
Future Prospects and Sectoral Expansion 🔮
- While food, groceries, and fashion dominate retail orders on ONDC presently, sectors like home and electronics are expected to witness substantial growth in the near future.
- The role of technology enablers like Plotch.ai is crucial in driving the growth and innovation potential of the ONDC Network, as highlighted by ONDC’s CEO T Koshy.
Hot Take: Embracing Innovation for Seamless Digital Transactions 🔥
As a crypto enthusiast, the advancements in digital infrastructure and transaction volumes within the ONDC network indicate a promising future for the sector. The collaboration between Plotch.ai and Google Cloud underlines the significance of leveraging technology for scalable solutions and driving efficiency in digital commerce. It’s exciting to witness the evolution of platforms like ONDC that not only facilitate transactions but also foster a conducive environment for growth and innovation.
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