PayU India co-founder Shailaz Nag's new startup, Dot, on Thursday announced it has raised an initial seed funding of around $8 million, led by PayU and Fosun RZ Capital.
Shailaz NagSpeaking 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.
He was the Co-founder and Managing Director of PayU, and led its payments business in India, having spent over eight years in the company, for which India is a core market.
Commenting on the fundraise, Anirban Mukherjee, CEO, PayU India, said,“Dot is a great fit to PayU’s larger vision of developing a fintech ecosystem in India and its aim to deliver a complete value proposition to our growing customers. | To read full story, visit https://startuparound.com/read/1580970711.241804/[Funding-alert]-PayU-India-co-founder-Shailaz-Nag’s-startup-Dot-raises-$8M-in-seed-round?ref=audio_experience