E-commerce enabler DotPe, on Monday announced that it has raised $58 million in its series B funding round led by Temasek. The round saw participation from existing investors PayU, the payments and fintech business of Prosus, and InfoEdge Ventures. Mitsubishi & Naya Capital join as new investors.
The startup plans to foray into financial services and further empower merchants with business loans and credit lines for its merchant partners.
Founded in 2020 by PayU co-founder Shailaz Nag along with Gyanesh Sharma and Anurag Gupta, DotPe enables online business solutions for retailers. The company also provides ordering, online payments, and delivery facilities to its customers
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