Google-backed DotPe, which helps companies in India go surfing and promote digitally, is in superior levels of talks to lift about $50 million in a brand new financing spherical, a supply accustomed to the matter informed GO.
Temasek, the Singapore state-owned funding agency, is finalizing deliberations to steer the funding within the Gurgaon-headquartered startup, the supply stated, requesting anonymity as the main points are non-public.
Phrases of the funding may change and the deal could 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 Information Edge Ventures as its backers, additionally helps brick and mortar shops get visibility on Google Search. Eating places, that are a few of the prospects of DotPe, use the startup’s providing to scan their inventories to make them digitally accessible through WhatsApp.
These choices places DotPe chasing the same set of audiences as different startups together with Zomato, Swiggy and Dukaan.
“DotPe supplies a WhatsApp hyperlink which opens a restaurant menu and you may order instantly and don’t need to 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 12 months. “DotPe doesn’t do its personal supply however will work with supply companions for final mile supply.”