DealShare is a company.
DealShare has raised $374.0M across 4 funding rounds.
Key people at DealShare.
DealShare has raised $374.0M in total across 4 funding rounds.
Key people at DealShare.
DealShare has raised $374.0M in total across 4 funding rounds.
DealShare's investors include ICONIQ Capital, Schematic Ventures, Tiger Global Management, Scott Ukrop, Lightspeed Venture Partners, Matrix Partners India.
DealShare is a fast-growing social e-commerce startup based in Jaipur, India, that offers an online buying platform for multi-category consumer products. It primarily serves the new wave of approximately 500 million users in non-metro and rural India, who are mobile-first and socially connected, especially via WhatsApp. DealShare’s platform enables users to buy and share deals with friends, leveraging social virality and demand aggregation to offer products at prices cheaper than wholesale rates. Its product range includes essentials such as fruits and vegetables, groceries, beauty and wellness, baby care, pet care, fashion accessories, electronics, and home decor. The company has rapidly scaled to serve over 20 million consumers across 150+ cities in 10 Indian states, reflecting strong growth momentum fueled by its unique social commerce model[1][2].
Founded in 2018 by Vineet Rao, Sourjyendu Medda, Sankar Bora, and Rajat Shikhar, DealShare emerged from the recognition of a significant gap in India’s e-commerce landscape, which largely catered to affluent urban consumers. The founders identified the underrepresented, price-sensitive middle- and lower-income segments in Tier II and III cities—collectively referred to as “Bharat.” Their vision was to democratize online shopping for this broader Indian population by recreating the excitement of neighborhood shopping in a digital format. This involved prioritizing regional languages, curating local brands, and offering group discounts that could be shared socially. Early traction came from leveraging WhatsApp groups in Jaipur, which helped the company scale rapidly and differentiate itself from traditional e-commerce platforms[2].
DealShare rides the wave of social commerce and digital inclusion in India’s rapidly digitizing rural and semi-urban markets. The timing is critical as smartphone penetration and internet access expand beyond metros, creating a vast new consumer base that traditional e-commerce platforms have largely overlooked. By combining social networking behaviors with e-commerce, DealShare taps into community-driven purchasing, which reduces customer acquisition costs and builds trust through peer recommendations. This approach aligns with broader trends in emerging markets where social commerce is becoming a dominant retail channel. DealShare’s model also influences the ecosystem by demonstrating how hyper-localization and demand aggregation can unlock value in price-sensitive markets[1][2].
DealShare is currently undergoing a strategic reset (DealShare 2.0) after facing operational challenges and founder exits, with backing from marquee investors like Tiger Global. The company is doubling down on value, convenience, and serving the lower-middle-class households in India’s heartland. Future growth will likely be shaped by continued expansion into untapped regions, deeper localization, and enhanced user engagement through social features. As India’s digital economy matures, DealShare’s influence could grow as a blueprint for socially driven, demand-aggregated retail models in emerging markets. Its success will depend on balancing scale with operational efficiency and maintaining its unique connection to Bharat’s consumers[3][1][2].
DealShare has raised $374.0M across 4 funding rounds. Most recently, it raised $210.0M Series E in January 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2022 | $210.0M Series E | ICONIQ Capital, Schematic Ventures, Tiger Global Management, Scott Ukrop | |
| Jul 1, 2021 | $140.0M Series D | ICONIQ Capital, Lightspeed Venture Partners, Matrix Partners India, Schematic Ventures, Tiger Global Management, Scott Ukrop | |
| Dec 1, 2020 | $21.0M Series C | Lightspeed Venture Partners, Matrix Partners India | |
| Apr 1, 2019 | $3.0M Series A | Lightspeed Venture Partners, Matrix Partners India |
