DealShare Raises $100M in Series D Funding Led by Tiger

DealShare Raises $100M in Series D Funding Led by Tiger

DealShare, an Indian social commerce startup, has raised $100 million in a Series D funding round led by Tiger Global, following its $21 million Series C funding round in December 2020 [1][2][3]. The company operates a platform that connects small retailers with consumers in smaller cities and towns across India. The funding will be used to expand the company’s operations and strengthen its supply chain network.

DealShare, founded in 2018 by Vineet Rao, Sankar Bora, Sourjyendu Medda, Rishav Dev, and Rajat Shikhar, is an Indian social commerce startup that connects small retailers with consumers in smaller cities and towns across India. The company has raised $100 million in a Series D funding round led by Tiger Global, following its $21 million Series C funding round in December 2020 [1][2][3]. This article will discuss the details of the funding round and what it means for the company’s future.

Expansion Plans

With the new funding, DealShare plans to expand its operations and strengthen its supply chain network. The company currently operates in 25 cities across India and plans to expand to 100 cities over the next year [1]. DealShare’s unique selling point is its ability to offer products at wholesale prices to consumers. The company sources products directly from manufacturers and sells them to consumers through its platform. DealShare’s platform also allows small retailers to sell their products to a wider audience, which helps them increase their sales and revenue.

The company’s focus on smaller cities and towns has been a key factor in its success. These areas are often underserved by traditional e-commerce platforms, and DealShare has been able to fill this gap by offering a platform that caters to the needs of consumers in these areas. DealShare’s platform is also easy to use, which has helped it attract a large number of users in a short period [4].

Competition in the Indian E-commerce Market

The Indian e-commerce market is highly competitive, with several players vying for market share. The market is dominated by Amazon and Flipkart, which together account for over 60% of the market share [5]. However, there is still room for new players to enter the market, especially in smaller cities and towns.

DealShare’s focus on smaller cities and towns has helped it carve out a niche in the market. The company’s platform is designed to cater to the needs of consumers in these areas, which has helped it attract a large number of users. DealShare’s ability to offer products at wholesale prices has also helped it differentiate itself from other e-commerce platforms.

The Role of WhatsApp in DealShare’s Success

WhatsApp has played a significant role in DealShare’s success. The company initially focused on WhatsApp as its primary distribution channel, which helped it reach a large number of users in a short period [2]. WhatsApp is widely used in India, with over 400 million users in the country [6]. DealShare’s integration with WhatsApp has made it easy for users to access its platform and place orders.

WhatsApp’s parent company, Facebook, has also been investing heavily in India. In 2020, Facebook invested $5.7 billion in Jio Platforms, an Indian conglomerate that owns Reliance Retail, one of India’s largest retailers [7]. The investment was seen as a move by Facebook to gain a foothold in the Indian e-commerce market.

Conclusion

DealShare’s $100 million Series D funding round led by Tiger Global is a significant milestone for the company. The funding will help the company expand its operations and strengthen its supply chain network. DealShare’s focus on smaller cities and towns has helped it carve out a niche in the Indian e-commerce market. The company’s ability to offer products at wholesale prices and its integration with WhatsApp has helped it attract a large number of users. With the new funding, DealShare is well-positioned to continue its growth and expand its reach across India.

timesdigitalmagazine.com

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