Avendus Capital Advises Dealshare on Its USD 45 mn Fundraise From Adia in an Extension of Its Series E Round, Raising a Total of USD 210 mn

We are thrilled to welcome ADIA as a shareholder as part of our next phase of growth. The support that we have been receiving from the investor community is very encouraging. It is a testimony of the confidence in DealShare’s vision, business model, and an acknowledgment of the growth we have been exhibiting. In a span of just 3 years, we have scaled to over 10 million customers and over 100 cities across 10 states.
There is an immense opportunity for our business outside India as well and we would be exploring international expansion in the coming years.

DealShare is arguably the fastest growing e-commerce company in India. We are in touching distance of hitting USD 1 billion of gross revenue run rate with just 3 years in operation. We are likely to hit USD 3 billion of gross revenue run rate in the next 12 months. We will be tripling our geographical presence, investing heavily on acquiring top notch tech talent and building world class supply chain infrastructure to aid this growth, along with continued focus on capital efficiency and path to profitability. We are targeting operational profitability by the end of this year.

India’s e-commerce ecosystem is developing rapidly and DealShare is addressing an underserved and growing segment within it. This investment aligns with our approach of backing innovative businesses with differentiated business models to execute their growth strategies.

Extension of the Series E round by a long-term capital partner like ADIA reinforces DealShare’s strategic vision to be a substantial player in the Indian grocery space