Dealshare dec.singhtechcrunch indian whatsapp 100m series
DealShare, an Indian social commerce startup, has raised $100 million in a Series D funding round led by Tiger Global. The round also saw participation from existing investors including WestBridge Capital, Alpha Wave Incubation, and Z3Partners. Dealshare dec.singhtechcrunch indian whatsapp 100m series was founded in 2018 by Vineet Rao, Sankar Bora, Sourjyendu Medda, Rishav Dev, and Rajat Shikhar. The company operates a platform that connects small retailers with consumers in smaller cities and towns across India. The platform offers a range of products including groceries, household items, and electronics at discounted prices. The latest funding round will be used to expand the company’s operations across India and to enhance its technology infrastructure. DealShare plans to use the funds to hire more employees, build more warehouses, and improve its supply chain management system.
Impact of the funding round
The funding round is a significant milestone for DealShare as it comes at a time when the social commerce sector in India is rapidly growing. The COVID-19 pandemic has accelerated the adoption of e-commerce in India, with more consumers turning to online shopping for their daily needs. DealShare’s platform has gained popularity among consumers in smaller cities and towns who are looking for affordable products. The company has been able to leverage its network of small retailers to offer products at lower prices than traditional e-commerce platforms. The funding round will enable DealShare to expand its reach and offer its services to more consumers across India. The company plans to enter new markets and increase its product offerings to cater to the growing demand for affordable products.
DealShare’s latest funding round is a testament to the company’s success in the social commerce sector in India. The company has been able to tap into the growing demand for affordable products among consumers in smaller cities and towns. With the new funds, DealShare plans to expand its operations and enhance its technology infrastructure to offer better services to its customers. The social commerce sector in India is expected to continue growing, and DealShare is well-positioned to capitalize on this trend.