Tech startup DotPe raises USD 58 million from Temasek and others

Technology startup DotPe has raised USD 58 million, about Rs 462 crore, in a funding round led by Temasek.

The latest funding round also saw participation from existing investors PayU -- payments and fintech business of Prosus -- and InfoEdge Ventures.

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Mitsubishi and Naya Capital joined as new investors, the company said in a statement.

DotPe currently serves over 7.5 million brands, including local, national and international brands such as McDonald's, 24 Seven and Taco Bell in its portfolio.

Founded in 2020, DotPe claims that its merchant-base has grown over 3 times since launch.

"Our company has had a great run so far. However, existing merchants are barely the tip of the iceberg in terms of market opportunity.

"As we keep democratising opportunities for business growth with our omni-channel solutions and making technology more affordable and accessible, we also plan to foray into financial services and

further empower merchants with business loans and credit lines," DotPe co-founder and CEO Shailaz Nag said in the statement.