PE Fund Investments
Fintech firm DotPe raises $55-M from Temasek, MUFG Bank, others
Gurugram-based payments services provider DotPe has raised about USD 54.5 million in a funding round led by Temasek at a valuation of USD 240 million. The round also saw participation from PayU, Japan-based MUFG Bank, Naya Global Investments and Info Edge Ventures. While new investors Temasek and MUFG Bank have received 10 equity shares each, the existing investors have received Series C CCPS. Together, PayU, Info Edge, Temasek, Naya Global Investments Pte Ltd, and MUFG Bank will hold 40.3% stake in the startup. Founded by Gyanesh Sharma, DotPe offers payment services to offline and online enterprises. It also helps offline enterprises go online and provides order management services. The startup claims to over 7.5 million merchants as clients across the world.
Between Feb 20 and Mar 21, DotPE had raised over USD 31 M from InfoEdge, Prosus Ventures, Fosun Group and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.) In Sep 21, DotPE acquired Rista Apps in an all-cash deal. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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