Mitsubishi UFJ Financial : MUFG to Invest in DotPe Private Limited （PDF / 117KB）
September 20, 2022 at 03:10 am EDT
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Mitsubishi UFJ Financial Group, Inc. (MUFG)
MUFG Bank, Ltd.
MUFG to Invest in DotPe Private Limited
Tokyo, September 20, 2022 --- MUFG's consolidated subsidiary MUFG Bank today announced that it has decided to make its first investment in DotPe Private Limited ("DotPe") from the MUFG Ganesha Fund, an investment facility for startups in India.
DotPe was founded in India in May 2019 and provides a platform for small and medium enterprises to embrace technology and shift their daily business activities to go online. The company delivers a one-stop solution that enables centralized management of payments, order management, delivery management, data management, and other processes for offline businesses in India.
MUFG Bank established the MUFG Ganesha Fund[1], an investment facility, to financially support the development of startups in India, which are growing rapidly. Through this investment, MUFG Bank will support the digitalization of SMEs, the sustainable growth of new industries, and contribute to the further development and expansion of regional industries.
Company Overview
Name
DotPe Private Limited
Established
May 21, 2019
Shailaz Nag (Co-Founder & CEO)
Representative
Gyanesh Sharma (Co-Founder & CTO)
Anurag Gupta (Co-Founder & COO)
Location
Ground Floor, Tower B, Paras Twin Towers, Sector-54,
Golf Course Road, Gurugram - 122 002, India
Main Business
Providing an online platform for small and medium enterprises
For details on the MUFG Ganesha Fund, please refer to the following press release:https://www.mufg.jp/dam/pressrelease/2022/pdf/news-20220310-001_en.pdf
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About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,400 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to "be the world's most trusted financial group" through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.
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Mitsubishi UFJ Financial Group Inc. published this content on 20 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2022 07:09:00 UTC.
Mitsubishi UFJ Financial Group is one of the Japanese largest banking groups. Income breaks down by activity as follows:
- retail and commercial banking (51.9%);
- corporate and investment banking (28.3%);
- market banking (10.5%);
- financial asset management (8.6%);
- other (0.7%).
At the end of March 2022, the group managed JPY 215,427.3 billion of current deposits and JPY 110,426.2 billion of current loans.
Income breaks down geographically as follows: Japan (55%), Asia/Pacific (24.8%), the United States (12.8%), Europe (1.7%) and other (5.7%).
MITSUBISHI UFJ FINANCIAL GROUP, INC 
