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Funding alert
- as ifStart Story | September 16, 2022
An e-commerce and payment platform powered by Google dotpe (dot) has secured a new round of funding led by Singapore sovereign fund Temasek.. This is the second round of funding in the last 18 months for the Gurugram-based startup.
In addition, Dotpe’s board of directors has passed a special resolution or memorandum for issue of 20 equity shares and 7,327 (CCPS) Compulsory Cumulative Preference Shares at a fixed number of INR 5,91,525 per share for 435 cr or $55 million. .
Temasek (through V-Science Investment Company) led the funding with INR 150 cr or $19mn. In addition, Pew’s fintech investment enterprise has invested INR 91.74 cr or $11.2mn.
According to the report, the company’s market value is around $245 to $250 million (after the split). This is a three-fold increase in market valuation compared to the last funding round.
Founded in 2020 by Gyanesh Sharma, Shailaz Nag and Anurag Gupta, DotPe is a payment service provider for offline and online e-commerce businesses. It also provides services for offline startups and businesses to go online and order management. More than 7.5 million merchants worldwide use the service, the startup said. Barista, Social, The Big Chill Cafe and What-A-Burger are some of the brands using its services.
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