DealShare raised Rs 70 Cr from venture debt firm Alteria Capital

Hyperlocal ecommerce startup DealShare has raised Rs 70 Cr from venture debt firm Alteria Capital.The debt is expected to be utilised for expansion into several new markets as well as marketing purposes. 

Dealsharesells grocery and household essential products through social media and messenger platforms like WhatsApp. The team is now looking at the next phase of its growth, which will include expanding to newer geographies, penetrating deeper into current markets, scaling operations, expanding local sourcing networks, and strengthening its technology platform across business verticals. 

“We have seen tremendous growth in the last few years as we marched forward in our mission to cater to 500 million new-to-internet users. We are very happy to partner with Alteria Capital as they share a common vision and this capital will help us boost our progress in the right direction.”said Sourjyendu Medda, Co-founder, DealShare.

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