Google-backed DotPe was formed by Shailaz Nag, a co-founder of PayU India, and has raised Rs 434.5 crore ($54. 4 million) in investment, with Temasek, a Singaporean sovereign wealth fund, serving as the lead investor.
DotPe offers a full-stack solution for setting up an online payment and delivery system for small and medium-sized businesses.
Additionally, it offers these firms tools for managing their stores and their marketing campaigns.
Earlier this week, during an extraordinary general meeting, the company’s board of directors approved a special resolution allowing the business to raise the funds.
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