11.5 C
London
Monday, September 26, 2022

DotPe raises $58 million, plans to get into financial services

Must read

New Marilyn Monroe Movie ‘Blonde’ Enjoys Victimizing Her Heroine

In 2010 three chest and pelvic X-rays of Marilyn Monroe sold for $45,000. Famous memorabilia will always fetch a pretty penny, but auctioning...

Interpol issues red notice to Terraform founder Do Kwon • londonbusinessblog.com

Interpol has issued a red alert to Do Kwon, urging law enforcement agencies around the world to locate and arrest the Terraform Labs founder...

Disperse, which brings AI-powered data to construction projects, raises $16 million • londonbusinessblog.com

To spreada UK-based construction technology company that provides an artificial intelligence (AI) powered platform to help project managers track work and capture data from...

Marketing Tech Startup Livewire Raises $4.7M Series A

Sydney startup Livewire, which brings gaming marketing to corporate promotions, has raised $4.7 million in a Series A. The round was led by RealVC, with...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Gurugram based offline-to-online trading platform DotPe on Monday it said it has raised $58 million in its Series B funding round led by Temasek.



The platform, which “plans to start using financial services,” currently serves more than 7.5 million brands nationwide.

The funding round saw participation from existing investors PayU, the payments and fintech businesses of Prosus and InfoEdge Ventures, while Mitsubishi & Naya Capital joined as new investors.

“As we continue to democratize business growth opportunities with our omni-channel solutions and make technology more affordable and accessible, we also plan to move into financial services and empower merchants with business loans and lines of credit to accelerate their growth. ,” said Shailaz NagoCo-founder and CEO, DotPe.

Founded in 2020, DotPe’s trading base has grown more than 3 times since its launch.

In March, DotPe secured $27.5 million (approximately Rs 200 crore) in Series A financing as google joined PayU and Info Edge Ventures as investors.

“We look forward to empowering more Indian businesses with the benefits of digitalization and creating a brighter future for the country’s trading community together,” said Vijay AgichaGlobal Head of Strategy and Growth at PayU.

Started by ex-PayU founder Nag with Gyanesh Sharma and Anurag Gupta, DotPe has digitized both enterprises and small and medium-sized businesses (SMEs) through a “full stack” solution.

The company said it is integrated on the business side with more than 10,000 restaurants and food courts, including leading global and domestic food and beverage brands.

ALSO SEE :

Fire 200 engineers to ‘centralize’ operations, clarifies Ola (Ld)

Harvard-backed company creates EV battery that can be fully charged in three minutes

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

New Marilyn Monroe Movie ‘Blonde’ Enjoys Victimizing Her Heroine

In 2010 three chest and pelvic X-rays of Marilyn Monroe sold for $45,000. Famous memorabilia will always fetch a pretty penny, but auctioning...

Interpol issues red notice to Terraform founder Do Kwon • londonbusinessblog.com

Interpol has issued a red alert to Do Kwon, urging law enforcement agencies around the world to locate and arrest the Terraform Labs founder...

Disperse, which brings AI-powered data to construction projects, raises $16 million • londonbusinessblog.com

To spreada UK-based construction technology company that provides an artificial intelligence (AI) powered platform to help project managers track work and capture data from...

Marketing Tech Startup Livewire Raises $4.7M Series A

Sydney startup Livewire, which brings gaming marketing to corporate promotions, has raised $4.7 million in a Series A. The round was led by RealVC, with...

The iPhone 15 ‘Ultra’ could replace the Pro Max

We may not get an Apple event this year.While Apple was initially expected to hold an event in October to launch its reportedly M2-equipped...