Offline-to-online (O2O) commerce platform DotPe has announced the acquisition of billing POS Rista. The acquisition further strengthens its bouquet of offerings to the offline merchants along with an online store, marketing suite, payments and integrated delivery.
Based in Gurgaon, DotPe is a tech powered, multi-channel commerce platform for 7 million merchants in the country, including both large & small business enterprises. With D2C commerce expected to be a $100Bn business by 2026, the platform is clearly leading the way with a host of local city brands to National and International brands like Mcdonalds, 24 Seven & Taco Bell in their portfolio.
With the pandemic accelerating the paradigm shift to digital commerce, offline merchants had to take the quantum leap to connect with their customers through a digital channel. DotPe emerged as a lifesaver offering a convenient way of getting an online presence for their business, which helped them grow digitally with ease and at minimal cost .
Growing rapidly at 25% m-o-m, DotPe has managed to process 15 million orders since its inception. The company aims to introduce more solutions to ensure even the smallest businesses have access to technology that can help them scale their business. By having Rista’s team onboard, DotPe will be able to deliver the best end-to-end commerce experience to both small merchants and large brands. The wide range of innovative solutions offered by Rista combined with DotPe’s heavy distribution will help in democratising technology and re-imagining the way businesses work. Rista is a leading billing POS provider in the country adopted by 1500 merchants. With this collaboration, DotPe will work with Rista to expand the universe of merchants to 1 lakh in the next one year.
Speaking on the acquisition, Shailaz Nag – Co-Founder & CEO – DotPe, said, “In line with our vision of providing a full digital commerce ecosystem to the merchant along with democratising technology, we have partnered with Rista to offer an all in one, fully integrated solution. We are the only Indian platform to have successfully penetrated the entire landscape of offline-to-online commerce, from merchants in rural pockets of India to mega players across categories. Along with being the leading billing POS provider, Rista enjoys the highest merchant trust in the business community. The coming together of DotPe and Rista further strengthens our business offerings. This acquisition is a start of exciting times in our combined journey and will result in a value-enhanced business proposition that will continue our efforts in leading the market.”
Srini Vasan – Director, Rista added, “Rista, a highly scalable mobile and cloud platform for offline and online channel sales solution for merchants, has been onboarding over the years many mid and large multi-brand and multi outlet businesses onto its platform. We are very happy to be a part of a much larger ecosystem with DotPe and look forward to working with their team towards their vision of democratising technology. This association will further enhance our portfolio of offerings to our partner merchants, offering them a seamless offline to online experience and empowering their business growth.”
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