Google-backed DotPe, founded by PayU India cofounder Shailaz Nag raised $54.4 million in funds led by Singapore’s sovereign fund Temasek.
DotPe offers a full-stack solution for setting up an online payment and delivery system for small and medium-sized businesses. It also provides these businesses with store management and marketing management tools. In an extraordinary general meeting earlier this week, the company’s board passed a special resolution authorising the startup to raise the funds. otPe had onboarded nearly 7.5 million merchants across tier-1, -2, and -3 cities.