DotPe raises US$ 58 million in series B, plans entry into financial services
- IBEF
- September 20, 2022
Temasek sponsored a US$ 58 million Series B fundraising round for DotPe, a tech-enabled multi-channel e-commerce platform for large and medium-sized retailers. Existing investors PayU, Prosus, and InfoEdge Ventures participated in the round. Mitsubishi and Naya Capital were among the newcomers. The company already serves over 7.5 million brands such as McDonald's, 24 Seven, and Taco Bell, and it plans to expand into financial services.
DotPe offers merchants an ecosystem of commerce tools, marketing software, and financial services to help them run, manage, and expand their businesses across several channels. According to the organisation, the platform is a one-stop shop that services all types and sizes of business owners, from SMBs to Fortune 500 firms.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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