Google Invests in Indian Startup DotPe: $27.5M Fundraise

Google Invests in Indian Startup Facilitating Online Business Transition

A recent investment by Google in India focuses on a startup dedicated to assisting businesses in establishing an online presence.

DotPe, a Gurgaon-based company founded just one year ago, announced on Friday a successful Series A funding round, securing $27.5 million. This funding was spearheaded by PayU, with continued support from Info Edge Ventures and Google itself.

Valuation and Core Functionality

Currently valued at approximately $90 million, DotPe specializes in enabling traditional brick-and-mortar stores to engage in online sales and process digital payments.

While numerous startups in India are addressing this same challenge, DotPe distinguishes itself through unique capabilities. The platform streamlines the process of inventory scanning and rapid online catalog creation for merchants.

Leveraging WhatsApp and Google Search

Businesses utilizing DotPe can readily make their catalogs accessible via WhatsApp, capitalizing on the platform’s immense popularity in India – boasting over 450 million users.

Furthermore, DotPe provides tools to enhance a business’s visibility within Google Search results.

Features and Leadership

Co-founded by Shailaz Nag, previously a co-founder and managing director at PayU, the startup also offers functionalities for processing in-store payments and implementing customer loyalty programs with discounts to encourage repeat business.

“This partnership will empower businesses with increased discoverability and expanded commercial opportunities,” stated Nag. “Regardless of the prevailing circumstances, our mission is to redefine how offline businesses operate and deliver the benefits of digital transformation directly to entrepreneurs.”

Rapid Growth and User Engagement

DotPe reports that its platform, accessible without requiring app installation, has attracted over 5 million merchants within the last six months.

These merchants are experiencing a significant rate of repeat business, with over 38% of daily orders originating from returning customers.

Industry Perspectives

Anirban Mukherjee, CEO of PayU India, commented on DotPe’s rapid success, praising its “impeccable product experience and innovation” in acquiring a substantial merchant base.

Sanjay Gupta, VP and Country Head of Google India, affirmed that the investment in DotPe exemplifies Google’s commitment to fostering an inclusive digital economy in India through collaboration with the country’s startup ecosystem.

Google’s Broader Investment in India

Last year, Google committed a $10 billion fund to India, its largest market in terms of user base. The company has previously invested in several Indian startups, including Dunzo, Glance, and DailyHunt.

Future Plans

DotPe intends to utilize the newly acquired capital to expand its reach to more merchants across India and enhance its technology infrastructure to accommodate increasing demand.

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