A source familiar with the matter said that the company is in advanced stages of talks to raise about $50 million in a new financing round.
The source said that the Singapore state-owned investment firm is in the final stages of making an investment in the startup.
The deal may not happen at all if the investment terms change. Both Dot Pe and Temasek did not respond to the request for comment.
The two-year-old startup helps brick and mortar stores get visibility on the internet. Some of the customers of DotPe use the startup's offer to make their inventories accessible via the messaging service.
The offerings put DotPe in a similar position as other startups.
You can order directly from a restaurant menu on Dot Pe, and you don't have to go to Zomato. Analysts at Bernstein wrote in a report last year that Dot Pe works with small merchants across other categories.
All Rights Reserved © 2024
