Google, Naspers, Temasek: DotPe’s ride through the maze of food-tech, fintech, and kirana-tech

Image credit: dotpe.in

Synopsis
The competition landscape of the dark horse in Info Edge Ventures’ portfolio is complex and multipronged. That is perhaps a simpler challenge given the revenue, retention, and scalability questions ahead.

Plug-and-play solutions helping offline shops go digital were runaway hits during the first wave of the pandemic. Millions of small retail outlets and neighbourhood stores, which were forced to keep their shutters down for months, actively downloaded these apps. Some of them even became top-trending business apps on Google Play Store. The next thing was a venture capital scramble to put money in some of the most downloaded storefront apps.