Sources dealshare dec.singhtechcrunch whatsapp 100m series
Sources dealshare dec.singhtechcrunch whatsapp 100m series, an Indian social commerce startup, has raised $100 million in a Series D funding round led by Tiger Global Management. The round also saw participation from existing investors including WestBridge Capital, Alpha Wave Incubation, and Z3Partners. With this latest funding, DealShare’s valuation has reportedly crossed $1 billion.
DealShare’s Growth Trajectory
Founded in 2018, DealShare is a mobile-first, social commerce platform that offers a wide range of products at discounted prices to consumers in smaller cities and towns across India. The company operates on a group-buying model, where users can invite their friends and family to join a group and avail of additional discounts on products. DealShare claims to have over 25 million registered users and a presence in over 25 cities across India. The company has been growing rapidly, with its monthly active users reportedly increasing by 10x over the past year. The company plans to use the latest funding to expand its operations to more cities and invest in technology to improve its supply chain and logistics capabilities.
The Social Commerce Opportunity in India
Social commerce is a rapidly growing segment in India’s e-commerce market, which is expected to reach $200 billion by 2026. According to a report by Bain & Company, social commerce is expected to account for 5-10% of India’s e-commerce market by 2025. DealShare is one of several Indian startups that are tapping into this opportunity by offering a unique value proposition to consumers in smaller cities and towns. These consumers often have limited access to e-commerce platforms and are looking for affordable products that meet their specific needs.
Conclusion
DealShare’s latest funding round is a testament to the company’s growth trajectory and the potential of social commerce in India. With the backing of investors like Tiger Global, the company is well-positioned to expand its operations and capture a larger share of the market. As social commerce continues to gain traction in India, we can expect to see more startups like DealShare emerge and disrupt the traditional e-commerce landscape.
