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
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
“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
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