India based fintech platform for physical retailers raised a $8m Seed round led by PayU.
Speaking on the market potential, Shailaz Nag, Founder, Dot, said, “There is a huge potential in the offline-to-online commerce and fintech sector, offering immense opportunities for the right product. India has the second largest number of internet users in the world and a rapidly increasing smartphone user base. This coupled with the recent digitisation push both from the government and the private sector is generating tremendous demand for digital transformation solutions by brick and mortar stores. I personally see a significant potential in this space, which has led to the conception of Dot.”