Total amount raised
$90 Million
Latest funding date
9/1/2022
Location
DotPe has successfully raised funds through three distinct funding rounds, with the latest being a Series B round. The platform is backed by 16 investors, including notable names like Info Edge ventures and Temasek Holdings.
DotPe offers a comprehensive commerce and payments platform tailored for offline enterprise businesses. Keep reading to explore the intricacies of DotPe's fundraising journey and the investors backing this innovative platform.
What Is DotPe?
DotPe, a technology start-up based in Gurgaon, Haryana, India, provides a comprehensive commerce and payments platform tailored for offline enterprise businesses. The company operates in various industries, including E-Commerce, FinTech, and Retail Technology.
Founded with the aim to empower businesses, DotPe has grown to employ between 251-500 people. The platform offers a range of solutions such as POS systems, online stores, QR solutions, inventory management, payment integration, and delivery integration, catering to multiple sectors like Food & Beverage, Retail, and Services.
How Much Funding Has DotPe Raised?
- Seed Funding Round
- Amount Raised: USD 8,000,000
- Date: February 2020
- Lead Investors: Fosun RZ Capital, PayU GPO, Ruizheng Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's foundational operations and initial market entry.
- Series A Funding Round
- Amount Raised: USD 27,500,000
- Date: March 2021
- Lead Investors: PayU GPO
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the company's market reach.
- Series B Funding Round
- Amount Raised: USD 54,500,000
- Date: September 2022
- Lead Investors: Temasek Holdings
- Valuation at Round: Approximately USD 245-250 million
- Motivation Behind the Round: To expand DotPe's merchant base and introduce new financial services products.
Total Amount Raised: USD 90,000,000. Current Valuation: Approximately USD 245-250 million.
Key Investors
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. It manages a diversified portfolio of investments across various sectors.
- Investment Focus Areas: Technology, Financial Services, Telecommunications, Media & Technology, Life Sciences, Agribusiness, Consumer & Real Estate, Energy & Resources, Transportation & Industrials.
- Notable Investments: Alibaba, Airbnb, Ant Financial.
- PayU GPO
- Details: PayU GPO is a leading financial services provider in global growth markets. It focuses on providing payment technology to online merchants.
- Investment Focus Areas: FinTech, Payments, E-Commerce.
- Notable Investments: Citrus Pay, Kreditech, LazyPay.
- Fosun RZ Capital
- Details: Fosun RZ Capital is a global venture capital firm under Fosun Group. It invests in innovative companies across various sectors.
- Investment Focus Areas: Technology, Healthcare, Consumer, Financial Services.
- Notable Investments: Meituan-Dianping, Tujia, WeDoctor.
- Info Edge Ventures
- Details: Info Edge Ventures is the investment arm of Info Edge, focusing on early to mid-stage technology companies in India. It supports businesses in their growth and development.
- Investment Focus Areas: Internet Services, E-Commerce, Online Classifieds.
- Notable Investments: Zomato, PolicyBazaar, Naukri.com.
- Ruizheng Investment
- Details: Ruizheng Investment is a private equity firm based in China. It focuses on strategic investments in high-growth sectors.
- Investment Focus Areas: Technology, Healthcare, Consumer Goods.
- Notable Investments: Not specified.
What's Next for DotPe?
DotPe is poised to capitalize on the burgeoning opportunities in the B2B financial services sector. With plans to introduce neobanking solutions and lending for merchants, the company aims to triple its merchant base from 7.5 million to 20 million over the next two to three years. This ambitious expansion underscores the significant market potential, particularly among microbusinesses and SMBs, which are crucial to India's economy.
Future fundraising opportunities appear promising as DotPe continues to attract interest from both existing and new investors. The company's growth trajectory and the addition of new financial services are likely to draw further investment, potentially leading to additional funding rounds. However, DotPe will need to navigate challenges such as scaling operations, integrating new services, and facing competition from other platforms offering similar solutions.
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