DealShare is a Bengaluru-based e-commerce startup that came into existence on 5th September 2018. They are an organization that reinvents the model of e-commerce for the e-retail business in a more precise manner.
They are operating in various cities in India including Kota, Jaipur, Vadodra, Bikaner, Sawai, Madhopur, and more.
During the initial start of their start-up they were into functioning activity with 10 members in Jaipur and later in the same year, 2018, they successfully launched their mobile application and by 2019, their orders reached 3000 to 5000 orders a day!
By September 2019 their value in the business superimposed with their increased number of orders resulting in over 1 Million orders and more than 5 Lakh customers.
Therefore, they successfully launched their startup in towns like Ahmedabad and Kota, and eventually, their presence was more visible.
DealShare is a start-up by Vineet Rao, CEO, Co-Founder, and Chief Technology, Sourjyendu Medda, Co-Founder and Chief Business Officer, and Rajat Shikhar, Co-Founder and Chief Product Officer of DealShare.
DealShare Raises $21 Million In Series C Round
Backed by brands like Matrix partners, Falcon capital, and many more, the organization has successfully raised $34 Million in the last two years and is busy with more advancement in their functioning processes.
With the business giants like Amazon and Walmart in the country, India has attracted the e-commerce giants in the world’s biggest internet market, DealShare has also not left any stones unturned to mark their presence in the Indian market.
The recent Series C round was held by WestBridge Capital and participation from some giant fundraisers was seen. Alpha Wave Incubation, Z3Partners, Matrix Partners, and Omidyar Network India, DealShare raised a massive amount of $21 Million in the Series C round.
The organization has mentioned in a press release that the raised fund will be thoroughly and positively used towards the advancement and spread of their position in geographically better markets.
Expanding business to 100+ cities by 2021, they have aimed to expand their sources across various verticals.
The organization has also partnered around with various brands, both local and regional, and expects to forge more alliances and partnerships with more than 5000 local brands.