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HomeInsightFunding Alert DotPe raises $55 mn in a round from Temasek, others

[Funding alert] DotPe raises $55 mn in a round from Temasek, others

Gurgaon-based DotPe has raised a funding round of $55 million led by Temasek. Investors PayU Fintech Investment, Info Edge Ventures, MUFG Bank Ltd., and Naya Global Investments also participated in the round.

Gurgaon-based DotPe has raised a funding round of $55 million led by Temasek. Investors PayU Fintech Investment, Info Edge Ventures, MUFG Bank Ltd., and Naya Global Investments also participated in the round.

According to regulatory filings with the RoC, the board of directors at Dotpe approved a special resolution to issue 20 equity and 7,327 compulsory cumulative preference shares (CCPS) at a price of Rs 5,91,525 per share in order to raise Rs 435 crore, or $55 million, according to Entrackr.

Read also – [Funding alert] Ronin Wines raises $2 mn in Pre-Seed Round

DotPe is a rapidly expanding technological start-up that supports businesses in their digital transition. It was founded in 2020 by Shailaz Nag, a co-founder of PayU, along with Gyanesh Sharma and Anurag Gupta.

It claims to have assisted over 7.5 million partners, such as BiryaniBlues and Burger Singh, in going online and managing their businesses.

Headquartered in Gurgaon, DotPe was founded in March 2020, and within a span of 1 year the company has empowered 7.5 Mn+ merchants across various categories to go online with their businesses. The company digitally powers the entire customer journey – ordering, payments, and delivery solutions for 30,000+ restaurants and food courts.

Read also – [Funding alert] New Leaf raises Rs 6.15 Cr pre-Series A round

About DotPe

DotPe is the only Indian platform to have successfully penetrated the entire landscape of offline-to-online commerce, from merchants in rural pockets of India to FnB mega players.

For small and medium-sized businesses, the company has an app called Digital Showroom that helps businesses open a digital storefront in under 15 seconds. The app offers a complete suite of business solutions to manage the entire customer journey.

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