🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

ONDC Bolsters Fintech Play, Sees First Mutual Fund Transaction On The Network

Inc42 · 11m ago

ONDC Bolsters Fintech Play, Sees First Mutual Fund Transaction On The Network

- First transaction of INR 100 made in partnership with AMC Nippon India Mutual Fund and Appreciate - Investment platforms ATX Labs and AssetPlus to join as buyer apps - ONDC aims to make mutual fund investments more accessible through its network

Related News

DSP Asset Managers partners with Cybrilla to bring Mutual Funds to more Indians via ONDC

IndianStartupNews

IndianStartupNews · 1m ago

DSP Asset Managers partners with Cybrilla to bring Mutual Funds to more Indians via ONDC

DSP Asset Managers has partnered with Cybrilla to become the first mutual fund company to go live on the Open Network for Digital Commerce (ONDC). This initiative aims to expand mutual fund access to underserved individuals, particularly in areas with limited banking services, by offering low-cost, simple investment options. The collaboration facilitates decentralized distribution, enabling local distributors and fintech startups to reach a wider audience, promoting disciplined, long-term investment strategies, and exploring innovations like Central Bank Digital Currency (CBDC).

Fintech players in various stages of onboarding: ONDC’s Koshy

Economic Times

Economic Times · 1y ago

Fintech players in various stages of onboarding: ONDC’s Koshy

Fintech players like Aditya Birla Finance, Karnataka Bank, Tata Capital, Canara Bank, and Bajaj Finserv are integrating with the government-backed Open Network for Digital Commerce (ONDC), according to the CEO T Koshy. ONDC has specified protocols for financial sector players to onboard the network. The initial pilot involved providing small loans to individuals or proprietary concerns, with DMI Finance as the lender and Easypay as the buyer. Now, the entities are refining and scaling up operations, with more transactions expected in February. Other enterprises, including insurers and mutual fund companies, are also integrating with ONDC.

Raamdeo Agrawal's Motilal Oswal MF joins ONDC to deepen mutual fund penetration

IndianStartupNews

IndianStartupNews · 14d ago

Raamdeo Agrawal's Motilal Oswal MF joins ONDC to deepen mutual fund penetration

Motilal Oswal Asset Management Company (MOAMC) has partnered with the Open Network for Digital Commerce (ONDC) in India to enhance mutual fund accessibility by utilizing ONDC’s digital platform. This integration, managed by Cybrilla as the service provider, aims to democratize mutual fund investments, encouraging wider participation from first-time investors and supporting efficient wealth management. Leaders from both organizations emphasize the potential for broader market access and informed investment decisions through this strategic collaboration.

ONDC To Launch Insurance, Mutual Fund Products In Two Months

Inc42 · 1y ago

ONDC To Launch Insurance, Mutual Fund Products In Two Months

The network, ONDC, plans to launch credit card offerings in partnership with Mastercard but has not set a specific timeframe. Their mutual fund offering is set to go live next month. Additionally, ONDC has partnered with nine lending service providers to offer digital loans to users in just six minutes.

Cross-border trades to be a game-changer for ONDC: CEO T Koshy

Livemint

Livemint · 1y ago

Cross-border trades to be a game-changer for ONDC: CEO T Koshy

The Indian government's Open Network For Digital Commerce (ONDC) is set to boost e-commerce penetration in India to 25% from the current 4-5%, according to ONDC CEO T Koshy. The network aims to reach 900 million buyers and 1.2 million sellers, with a potential gross merchandise value of $48 billion. Additionally, ONDC is expanding into the mobility sector, integrating multiple transport modes for seamless travel. It has conducted its first international transaction with a Singapore-based business network, Proxtera. ONDC aims to be an enabler for innovation and complement existing platforms rather than compete with them.

Motilal Oswal Mutual Fund increases stake in Paytm to 5.15%

Entrackr

Entrackr · 8d ago

Motilal Oswal Mutual Fund increases stake in Paytm to 5.15%

Motilal Oswal Mutual Fund increases stake in Paytm to 5.15% Motilal Oswal Mutual Fund has increased its stake in One Communications Ltd, the parent company of fintech major Paytm, by acquiring additional shares. Motilal Oswal Mutual Fund acquired 26.31 lakh shares of Paytm through more than 20 schemes including Motilal Oswal Nifty Midcap Fund, Focused Fund, ELSS Tax Saver Fund and Nifty 500 in open market transactions on August 11, 2024, according to a regulatory filing. Motilal Oswal Mutual Fund has raised its stake in Paytm by 0.41% to 5.15%. Following the transaction, it now holds 32,91,399 shares in the company. The filing did not disclose the transaction value. Recently, Ant Group, the financial services arm of Alibaba, divested about a 4% stake in One97 Communications for Rs 2,103 crore. In Q1 FY26, Noida-based fintech firm Paytm reported revenue of Rs 1,918 crore and a net profit of Rs 123 crore, compared to a net loss of Rs 840 crore in the same quarter last fiscal. Paytm is currently trading at 1,234.9 per share, after touching its 52-week high of Rs 1,238 earlier in the day. The company’s total market capitalization stands at Rs 78,461.45 crore ($9.23 billion).

Women-Focused Investment Platform Fikaa Appoints India's First Virtual Superstar, Naina, As Brand Ambassador

OutlookIndia

OutlookIndia · 1y ago

AI-powered investment app Fikaa has appointed Naina, India's first virtual superstar, as its brand ambassador. Fikaa aims to empower women in financial decision-making and offers advanced financial tools and AI algorithms to curate mutual fund baskets tailored to investor preferences. The app also provides education on personal finance and allows women to network with like-minded individuals. Fikaa recently added Digital Gold as an investment product. Naina, with over 70 million views on her videos and 158,000 Instagram followers, sees her association with Fikaa as empowering women financially.

ONDC postpones network charges implementation

Economic Times

Economic Times · 6m ago

ONDC postpones network charges implementation

The government-backed Open Network for Digital Commerce (ONDC) postponed its network infrastructure fee implementation from January to April 1, following participant feedback. This fee aims to make ONDC financially sustainable. The fee, Rs 1.5 per transaction over Rs 250, will impact seller apps like logistics and financial service providers. Firms are concerned about the fee affecting conversion rates, with discussions on potentially passing costs to customers. ONDC aims to sustain and grow digital commerce infrastructure.

ONDC to add banks, fintechs to take credit services to last mile

Economic Times

Economic Times · 1y ago

ONDC to add banks, fintechs to take credit services to last mile

Open Network for Digital Commerce (ONDC) is set to integrate banks such as HDFC Bank, IDFC First Bank, and Karnataka Bank, as well as fintech firms like Fibe, to offer unsecured personal loans and invoice loans targeting small merchants in underserved areas of India. ONDC is also piloting credit disbursals through partnerships with Tata Neu, Paisabazaar, DMI Finance, and Aditya Birla Finance. Additionally, ONDC plans to introduce business-to-business credit services and explore small ticket, short tenure loans based on alternative data. ONDC is also expanding into insurance and investments segments.

ONDC May Start Levying Small Fee On Each Transaction From This Fiscal : CEO Koshy

Inc42 · 1y ago

ONDC May Start Levying Small Fee On Each Transaction From This Fiscal : CEO Koshy

The government-run Open Network for Digital Commerce (ONDC) is considering implementing transaction charges in order to cover its operating expenses. The exact fee amount has not been determined yet, but it is expected to be minimal and applied to each transaction. The move is aimed at improving revenue for ONDC and ensuring its financial sustainability.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Exclusive: Robotics startup Miko ...

“Your Phone Is Outdated”: Sam Alt ...

Download the medial app to read full posts, comements and news.