The round, which also saw participation of investors PayU Fintech Investment, Info Edge Ventures, MUFG Bank Ltd and Naya Global Investments, takes the total fundraise to about USD 90 million via three institutional rounds, to date. Until now, the company has raised a USD 27.5 million Series A round from PayU, Info Edge, and Google in March 2021 and a USD 7.5 million seed round in February 2020.
After finishing deliberations that started in May 2022, DotPe and Tamasek agreed, as per the regulatory filing, to pass a resolution to allot 20 equity shares and 7,327 Series C cumulative compulsory convertible participatory preference shares to the five investors to raise USD 55 million.
In September 2021, the startup bought billing point-of-sale (POS) company Rista for an undisclosed amount, to foray into point-of-sale business.
Founded in 2020, DotPe provides a full-stack payment and commerce solutions to offline retailers to enable them to digitise their offering, along with order management services and customer engagement solutions like marketing, logistics etc.
DotPs claims it has a customer base of about 7.5 million merchants across the world and is providing services to brands like Barista, Social, Wat-a-Burger, The Big Chill Cafe, and BiryaniBlues.
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