New Delhi, Sep 19 : Gurugram-based offline-to-online commerce platform DotPe on Monday said it has raised $58 million in its series B funding round led by Temasek.The platform, which "plans to foray into financial services", currently serves over 7.
5 million brands across the country.The funding round saw participation from existing investors PayU, the payments and fintech business of Prosus, and InfoEdge Ventures while Mitsubishi & Naya Capital joined as new investors.
"As we keep democratising opportunities for business growth with our omni-channel solutions and making technology more affordable and accessible, we also plan to foray into financial services and further empower merchants with business loans & credit lines to turbocharge their growth," said Shailaz Nag, Co-Founder and CEO, DotPe.Founded in 2020, DotPes merchant-base has grown over 3 times since launch.In March, DotPe secured $27.5 million (around Rs 200 crore) in Series A funding as Google joined PayU and Info Edge Ventures as investors."We look forward to empowering more Indian businesses with the benefits of digitization and co-creating a brighter future for the countrys merchant community," said Vijay Agicha, Global Head of Strategy and Growth at PayU.
Started by ex-PayU Founder Nag with Gyanesh Sharma and Anurag Gupta, DotPe has digitised enterprise as well as small and medium-sized business (SMB) merchants through a "full stack" solution.The company said that on the enterprise side, it has integration with over 10,000 restaurants and food courts, including leading global and domestic food and beverage brands.
na/ #DotPe #raises #financial #Delhi #Vijay #Delhi #New Delhi #Google #Fintech.
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