DotPe raises about Rs 200 crore from PayU, Google, Info Edge Ventures

IT startup DotPe on Friday said it has raised around Rs 200 crore in a funding round led by Naspers firm PayU along with participation from Google and Info Edge ventures.

PayU and Info Edge Ventures are existing investors in the one-year-old startup company.

DotPe co-founder Shailaz Nag told PTI that Info Edge Ventures has doubled down on its seed investment in the company made last year and has more than doubled its shareholding.

“Google has come up as a new investor and partner which is good for the whole ecosystem of digitising merchants. We will use the fund to expand the merchant base and build many more products that will help in digitising merchants,” Nag said.