The StartupLab : Compliance | Tech | Funding

+917042716764

info@thestartuplab.in

Menu
  • Home
  • About Us
  • Services
    • Compliance Services
    • Business Growth Service
    • Funding Assistance Service
    • Our Packages
  • Our Projects
  • Knowledge Hub
    • Startup News
    • Blogs
    • Startup Stories
Menu
  • Home
  • About Us
  • Services
    • Compliance Services
    • Business Growth Service
    • Funding Assistance Service
    • Our Packages
  • Our Portfolio
  • Knowledge Hub
    • Indian Startup News
    • Blogs
    • Indian Startup Stories
  • Contact Us
Contact Us
Funding News, Latest News, Startup News

Social E-Commerce Startup DealShare Raises Rs 25 Crore In Debt Funding

  • Mayank

  • March 4, 2021

DealShare Debt Funding
Indian Startup news

DealShare, a Jaipur and Bengaluru-based hyperlocal eCommerce startup, has raised Rs 25 crore in debt funding from Innoven Capital, making it second fundraising by DealShare in the last six months. 

In December 2020, DealShare had raised $21 million in Series C funding led by WestBridge Capital.  

As per the startup, it will be utilising the funds and Innoven Capital’s expertise to exponentially scale its geographic footprint. The startup is also planning to scale its presence to 100 cities by the end of 2021.

DealShare | Social E-Commerce Startup

Started by Vineet Rao, Rajat Shikhar, Sankar Bora, and Sourjyendu Medda, DealShare is a fast-growing social e-commerce startup, an online buying platform for multi-category consumer products, focused on the new ‘WhatsApp first’​ India.

Talking about the funding, Vineet Rao, CEO and Founder of DealShare, said,

“DealShare has always been motivated towards bringing the eCommerce experience to the masses, especially the low and mid-income population. Since our inception, our vision has been to address the shopping needs of the 500 million new-to-internet users by providing them with best quality products at affordable prices.”

Vineet added,

“Using technology, we want to provide them with a fun-filled and gamified shopping experience, and this fundraising will give us the much-needed boost to progress in that direction.”

With more than two million users, the startup claims that it has been registering a 50% month-on-month growth. As of February 2021, the company had clocked a GMV run rate of Rs 750 crore. 

By December this year, the startup is expected to reach a Rs 3500 crore GMV run rate, as well as become operationally profitable.

DealShare is currently available across five states and 25 cities in India and aims to increase its market presence to 3000 pin codes across five states.

Need legal assistance for your startup? Just contact us.

Follow us and connect with us on Instagram, Facebook, and LinkedIn.

Deal Sharedebt fundingindian startup newslatest startup newsSocial E-Commerce Startup
Leave a comment Cancel Reply

Your email address will not be published.

Required fields are marked *

Add Comment *

Name *

Email *

Website

We Would Like To Stay in Touch

We’d like to hear from you!
Let us know what you would like to chat about below.

Contact Us
Please enable JavaScript in your browser to complete this form.
Loading

The StartupLab is all in one destination for all your startup needs. From Compliance to funding and everything in between.

Company

  • About Us
  • Our Portfolio
  • Blogs
  • Indian Startup News
  • Indian Startup Stories

Our Services

  • Compliance Services
  • Business Growth
  • Funding Assistance
  • Our Packages

Contact Us

  • +91 7042716764
  • info@thestartuplab.in
  • 1760 1st floor, Block A, Sector 45, Gurugram, Haryana - 122002
Facebook X-twitter Instagram Linkedin
The StartupLab : Compliance | Funding – Copyright 2024 – All Right Reserved
Launch login modal

User login

Create an Account Close
Launch register modal

Create an Account

Back to login Close