Temasek in talks to take a position in Google-backed DotPe

Google-backed DotPe, which helps companies in India go browsing and promote digitally, is in superior levels of talks to lift about $50 million in a latest financing spherical, a supply conversant in the matter advised TechCrunch.

Temasek, the Singapore state-owned funding agency, is finalizing deliberations to guide the funding within the Gurgaon-headquartered startup, the supply stated, requesting anonymity as the small print are personal.

Phrases of the funding may change and the deal might find yourself not materializing in any respect, the supply cautioned. Temasek declined to remark, whereas DotPe didn’t reply to a request for remark.

The 2-year-old startup, which additionally counts PayU and Data Edge Ventures as its backers, additionally helps brick and mortar shops get visibility on Google Search. Eating places, that are among the clients of DotPe, use the startup’s providing to scan their inventories to make them digitally accessible through WhatsApp.

These choices places DotPe chasing an analogous set of audiences as different startups together with Zomato, Swiggy and Dukaan.

“DotPe gives a WhatsApp hyperlink which opens a restaurant menu and you’ll be able to order immediately and don’t should go to Zomato / Swiggy. DotPe works with small retailers throughout different classes –meals supply , attire ecommerce, pharma,” analysts at Bernstein wrote in a report final yr. “DotPe doesn’t do its personal supply however will work with supply companions for final mile supply.”

TechEndowed
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