DealShare joined the Unicorn Club on January 27, 2022 after raising a $210 million Series E funding round, reaching a $1.71 billion valuation. Headquartered in Bengaluru, Karnataka, India, DealShare operates a social commerce platform that enables users to buy and share deals on multi-category products including groceries, fashion, and home decor.
The platform offers discounts based on group purchases, encouraging social sharing to maximize savings and engagement.
Keep reading to learn how DealShare became a $1.71 billion leader in India’s social commerce and online grocery ecosystem.
What Is DealShare and What Does It Do?
Founded in 2018, DealShare is an online social commerce platform providing deals on groceries, fruits and vegetables, fashion accessories, home decor, and other products. Users can share deals with friends and receive discounts depending on the number of participants.
The platform integrates social sharing with e-commerce, driving customer engagement, repeat purchases, and collective savings for its user base.
How Much Funding Has DealShare Raised?
1. Series E Round
- Amount Raised: $210 million
- Date: January 2022
- Valuation: $1.71 billion
- Lead Investors: Tiger Global Management, Alpha Wave Global
- Purpose: Scale social commerce platform, expand product offerings, and grow user base
2. Earlier Funding Rounds
Series B to Series D Rounds
- Cumulative Funding: $177 million
- Key Investors: Dragoneer Investment Group, WestBridge Capital, and other early investors
- Purpose: Scale nationwide operations, expand product categories, and strengthen social commerce engagement
Total Funding Raised: $387 million Latest Funding Date: January 2022 Latest Known Valuation: $1.71 billion
Key Investors
- Tiger Global Management
- Details: Global investment firm backing high growth technology and e-commerce companies
- Focus Areas: Consumer platforms, marketplaces, and technology-driven businesses
- Alpha Wave Global
- Details: Investment firm focused on growth stage technology companies
- Focus Areas: E-commerce, consumer tech, and scalable digital platforms
- Dragoneer Investment Group
- Details: Growth equity firm investing in high potential technology businesses
- Focus Areas: Social commerce, marketplaces, and fintech
- WestBridge Capital
- Details: India focused private equity and venture firm investing in high growth companies
- Focus Areas: Technology platforms, e-commerce, and scalable consumer businesses
Where Is DealShare’s Headquarters?
DealShare is headquartered in Bengaluru, Karnataka, India, serving as the central hub for product development, technology, and operations for its social commerce platform.
What’s Next for DealShare?
DealShare plans to expand its social commerce network, add more product categories, enhance group purchase features, and scale operations nationwide. The company aims to increase user engagement, optimize logistics, and integrate technology for better shopping experiences.
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