Temasek in talks to invest in Google-backed DotPe – TechCrunch
Google-backed DotPe, which helps businesses in India go online and sell digitally, is in advanced stages of talks to increase about $50 million in a generation financing round, a source familiar of course the matter told TechCrunch.
Temasek, the Singapore state-owned investment firm, is finalizing deliberations to leader the investment in the Gurgaon-headquartered startup, the source said, requesting anonymity as the details are private.
Terms of the investment could change and the offers discount may end up not only materializing at all, the source cautioned. Temasek declined to comment, while DotPe did not only respond to a request for comment.
The two-year-old startup, which also counts PayU and Info Edge Ventures as its backers, also helps brick and mortar stores get visibility on Google search. Restaurants, which are some of the customers of DotPe, effect the startup’s offering to scan their inventories to make them digitally accessible via WhatsApp.
These offerings puts DotPe chasing a similar set of audiences as other startups including Zomato, Swiggy and Dukaan.
“DotPe provides a WhatsApp link which opens a restaurant menu and we can order directly and don’t possessed to go to Zomato / Swiggy. DotPe works of course small merchants across other categories –food shipping goods , apparel ecommerce, pharma,” analysts at Bernstein wrote in a report last year. “DotPe doesn’t do its own shipping goods but will work of course shipping goods partners for last mile shipping goods.”
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