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. These users are primarily on mobile & social media.
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 offers discounts depending on the number of people purchasing the products. It is a new retail model in which customers get cheaper rates than the wholesale rates.
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 is backed by Tiger Global, Matrix Partners, Falcon Edge, DST Global, WestBridge, Alpha Wave Incubation, Omidyar Network and others. The company raised ₹700M (approx. $10M) in Debt financing on Apr 21, 2021. This brings DealShare's total funding to $144M to date.