Total amount raised
$90 Millions
Latest funding date
9/1/2022
Location
DotPe has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of business solutions, including payment integration and inventory management.
Keep reading to explore the intricacies of DotPe's fundraising journey and the investors backing this innovative platform.
What Is DotPe?
DotPe, founded in 2019, is a technology start-up based in Gurgaon, Haryana, India. The company was established by Anurag Gupta, Gyanesh Sharma, Maharipu Daman Singh Chauhan, and Shailaz Nag.
DotPe provides a comprehensive commerce and payments platform aimed at offline enterprise businesses. Their solutions include Point of Sale (POS) systems, online stores, QR solutions, inventory management, payment integration, and delivery integration.
With a team of 251-500 employees, DotPe is dedicated to driving digital transformation and enhancing customer engagement for businesses across various industries.
How Much Funding Has DotPe Raised?
- Seed Round
- Amount Raised: $8M
- Date: February 2020
- Lead Investors: Fosun RZ Capital, PayU GPO, Ruizheng Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial development and market entry.
- Series A
- Amount Raised: $27.5M
- Date: March 2021
- Lead Investors: PayU GPO
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series B
- Amount Raised: $54.5M
- Date: September 2022
- Lead Investors: Temasek Holdings
- Valuation at Round: Approximately $240M
- Motivation Behind the Round: To expand the merchant base and introduce new financial services products.
Total Amount Raised: $90M. Current Valuation: $240M.
Key Investors
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. It focuses on delivering sustainable long-term returns.
- Investment Focus Areas: Financial services, technology, consumer.
- Notable Investments: Alibaba Group, Ant Financial, Gojek.
- PayU GPO
- Details: PayU GPO is the payments and fintech arm of Prosus, providing payment technology to online merchants. It aims to build a holistic merchant ecosystem in India.
- Investment Focus Areas: Payment technology, fintech solutions.
- Notable Investments: Citrus Pay, Wibmo, ZestMoney.
- Fosun RZ Capital
- Details: Fosun RZ Capital is a global venture capital firm that invests in high-growth companies. It is part of the Fosun Group, a Chinese multinational conglomerate.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Meituan-Dianping, Palantir, Onfido.
- Info Edge Ventures
- Details: Info Edge Ventures is the venture capital arm of Info Edge, an Indian internet company. It invests in early-stage technology companies.
- Investment Focus Areas: Internet, software, mobile.
- Notable Investments: Zomato, PolicyBazaar, Naukri.com.
- Naya Capital
- Details: Naya Capital is a global investment firm that focuses on long-term investments in public and private markets. It aims to identify high-growth opportunities worldwide.
- Investment Focus Areas: Public markets, private markets, diverse sectors.
- Notable Investments: Flipkart, Uber, Airbnb.
What's Next for DotPe?
DotPe is poised to seize significant opportunities by expanding its merchant base from 7.5 million to 20 million and introducing B2B financial services like neobanking and lending. This expansion could triple their market size, tapping into the vast potential of microbusinesses and SMBs in India.
Future fundraising seems inevitable as DotPe aims to support its ambitious growth plans. The company may also consider acquisitions to enhance its technological capabilities and market reach. However, challenges such as scaling operations, navigating regulatory changes, and competing with other fintech players could pose hurdles along the way.
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