infoedge ventures

Technology startup DotPe has raised USD 58 million, or about Rs 462 crore, in a funding round led by Temasek. The latest funding round also saw participation from existing investors, PayU—the payments and fintech business of Prosus—and InfoEdge Ventures. Mitsubishi and Naya Capital joined as new investors, the company said in a statement. DotPe currently serves over 7.5 million brands, including local, national, and international brands such as McDonald's, 24 Seven, and Taco Bell in its portfolio.Read Also Founded in…

Another edtech startup Udayy, backed by Info Edge, has shut shop, laying off all 100 employees as schools, colleges and physical tuition centres reopen.Udayy's co-founder Saumya Yadav said that the startup was witnessing the post-pandemic world for the first time as "as the kids went back to school, we faced roadblocks in growing the original model of online, live learning"."After a lot of deliberation, we decided that it's better to shut down the business than to spend more time and capital on it,a Yadav said.The…