DealsShare is a fast growing social e-commerce startup, an online buying platform for multi-category consumer products, focused on the new 'WhatsApp first' India.
DealShare's mission is to target the new 500Mn users in non-metro and rural markets who haven’t shopped enough online and who are still not comfortable on other platforms.
DealShare was founded in 2018 by Veneet Rao, Sourjyendu Medda, Sankar Bora, Rishav Dev and Rajat Shikhar. The company is headquartered in Bangalore, Karnataka, with an additional office in Jaipur, India.
DealShare makes it extremely easy for these users to buy in a couple of clicks. Further, it allows the users to buy and share deals with their friends.
DealShare's Product catalogue includes fruits & vegetables, grocery items, beauty & wellness, baby care, pet care, fashion accessories, electronics, home décor etc.
DealShare operates over 100 warehouses in the 10 states it operates in and plans to expand its warehousing from 2 million square feet today to 20 million square feet over the next 12 months.
DealShare is backed by Tiger Global, Alpha Wave Global, Matrix Partners, Falcon Edge, DST Global, WestBridge, Dragoneer Investments Group, Omidyar Network, Abu Dhabi Investment Authority, Kora Capital, and others. The company raised $45M in additional Series E round on Feb 17, 2022. This is an extension of its $165M Series E raised in Jan 27, 2022, bringing the round total to $210M. The additional investment brings DealShare's total funding to $388.7M to date. DealShare gained unicorn status with a $1.6B valuation received from Series E raised in Jan 27, 2022.