Avendus Capital advises DealShare on its USD 165 mn fundraise from Tiger Global, Alpha Wave Global, Dragoneer Investment Group, Kora Capital and Unilever Ventures

DealShare is one of the fastest growing e-commerce companies in India. Our revenues and customer base have grown 13 times in the last year with improving profitability. We have created a network of over 1,000 community leaders under our flagship program DealShare Dost, enabling an efficient and highly scalable supply chain.

Our mission is to increase affordability and accessibility of high-quality products at low prices for mass consumers. We have created a unique network of more than 1,000 small and medium manufacturers in the grocery and essential space which allow us to enable our mission.

DealShare is growing rapidly and has built an impressive customer base with a strong leadership team executing on its innovative social commerce strategy. As it expands into Tier 2 and Tier 3 cities, DealShare is well positioned to power a new wave of e-commerce growth in India

We are pleased to invest in this round and continue our support of Dealshare. DealShare delivers a compelling value proposition to its customers, who are value-conscious middle Indians in Tier 2 and 3 cities who crave local/regional products.

It has been a privilege to partner with Vineet and Sourjyendu, as they continue to gain unprecedented traction and dominance in enabling first-to-e-commerce users in India. This backing by some of the largest global tech investors is a strong testament to DealShare’s business model and its execution capabilities. Democratizing ecommerce for the next billion internet users is one of the largest value creation opportunities in India’s consumer tech space and DealShare is best-positioned to capture this opportunity.