What's the news?
DealShare has raised $144 Mn in Series D led by VC Tiger Global, along with WestBridge Capital, Alpha Wave Incubation, and Z3 Partners. The round also saw participation from existing investors, including Matrix Partners India, DST Global, and Alteria Capital.
More to know
DealShare is focussed on bringing an online shopping experience to first-time internet users in India's hinterlands. The startup uses two ways to bring down the cost of essential products for the mass market segment- it directly sources household items of lesser known brands in smaller towns from the factories, thereby cutting down on distribution and channel sales. It uses platforms such as WhatsApp and Telegram to build on its customer base and gives group-buying discounts on these essentials.