New Delhi: DotPe, the Gurugram based e-commerce startup has raised Rs 200 cr in series A funding from investors PayU and Info Edge Ventures, and Google which joined as a new investor.
With this latest infuse of funds, the total amount raised goes up to Rs 257 crore through seed funding. According to known sources, the company looks to use the funds for market expansion and product development. DotPe is an offline-to-online (O2O) platform which enables SMEs and merchants to digitise their business. It offers multiple solutions, ranging from online ordering, payments, and delivery.
Shailaz Nag, Gyanesh Sharma and Anurag Gupta, are the founders of DotPe that was born in the month of March 2020. DotPe tied up with National Restaurant Association of India to deploy a digital ordering solution for restaurants looking to minimise physical contact with customers. So far, over 10,000 restaurants and food courts across India have used their services.
Anirban Mukherjee, CEO, PayU India said, ““In a very short time, DotPe has acquired a promising merchant base with its impeccable product experience and innovation. We believe DotPe is positioned for rapid expansion as it disrupts and transforms the offline to online segment. They also align seamlessly with PayU’s vision of digitising payments in India by enabling merchants of all sizes.”
In the SMB segment, more than 5 million merchants are already using their Digital Showroom solution.
“In the last few months we’ve seen acceleration in offline players seeking to move their businesses online. We’re pleased to back young companies like DotPe that are supporting India’s digital transformation by connecting consumers and merchants through helpful, innovative tools,” Sanjay Gupta, VP & Country Head, Google India said in a statement.
Google has emerged as one of the leading investors in the Indian startup ecosystem. The search engine giant plans to invest $10 billion in India over next five to six years.