Published On: Fri, Mar 26th, 2021

Google backs one-year-old Indian startup DotPe in $27.5 million fundraise

Google’s latest investment in India is a startup that is assisting businesses come online.

One-year-old DotPe, a Gurgaon-based startup, pronounced on Friday it has lifted $27.5 million in a Series A financing round. The turn was led by PayU, with appearance from existent financier Info Edge Ventures and Google.

The immature startup, now valued during about $90 million, helps section and trebuchet stores sell to business online and collect payments digitally.

It’s a problem that scores of startups in India are elucidate today, though DotPe has some additional hooks. It helps merchants indicate their inventories and fast settle a record online.

Once a catalog is ready, a business can afterwards make it accessible on WhatsApp and strech business there. WhatsApp is a many renouned smartphone app in India with over 450 million users. DotPe says it also helps businesses get prominence on Google Search.

The startup, co-founded by Shailaz Nag, before co-founder and handling executive of PayU, also enables area stores to collect payments from walk-in business and facilities collection to offer faithfulness points and discounts to business to boost engagement.

“This new partnership will commission businesses to be some-more discoverable, enhance business avenues and control commerce like never before,” pronounced Nag. “Pandemic or not, we are here to reimagine a approach offline businesses work and move a digital series to a doorstep of each entrepreneur.”

DotPe says a platform, that doesn’t need businesses to implement an app, has amassed over 5 million merchants in a final 6 months. These merchants are saying over 38% of daily orders from repeat customers, a startup said.

“In a really brief time, DotPe has acquired a earnest businessman bottom with a exquisite product knowledge and innovation,” pronounced Anirban Mukherjee, CEO, PayU India.

Sanjay Gupta, VP and Country Head of Google India, pronounced in a matter that a company’s investment in DotPe is scholastic of Google’s faith in “working with India’s start-up ecosystem towards a idea of building a some-more thorough digital economy that will advantage everyone.”

Google announced a $10 billion account for India final year, a biggest marketplace by users. The Android-maker has invested in several startups in a nation including hyperlocal smoothness organisation Dunzo, InMobi Group’s Glance, and DailyHunt.

DotPe pronounced it will muster a uninformed collateral to strech some-more merchants in India and scale a record smoke-stack to accommodate a flourishing demand.

From India’s richest male to Amazon and 100s of startups: The good rush to win area stores

About the Author