• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, June 13, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

DealShare bags $21 million in Series C funding round by WestBridge Capital

by Chhavideep Singh
December 10, 2020
in Business, Startups
Reading Time: 2 mins read
0
DealShare
TwitterWhatsappLinkedin
DealShare
Source: Google Play

DealShare is an e-commerce platform that targets a specific user group and recently the company has announced to conclude its Series C funding round with $21 million. The funding round was led by WestBridge Capital.

You might also like

Majority of Canadians Want Lower Tariffs on Chinese EVs to Improve Affordability

InterGlobe Enterprises Set to Offload 4% IndiGo Stake via Block Deals

Ola’s Zero Commission Revolution: Empowering Drivers, Redefining Ride-Hailing

According to reports, the funding round also witnessed participation from multiple investors such as Falcon Edge Capital’s Alpha Wave Incubation, Matrix Partners India, Z3Partners and Omidyar Network India. Individual marquee investors also participated in this funding round.

The Jaipur-Rajasthan based start-up was founded back in September 2018 by Vineet Rao, Sankar Bora and Sourjyendu Medda. The e-commerce platform specifically targets only medium and lower-income consumers providing them with over 20,000 products from various categories such as Electronics, grocery, fruits, gift packs and other household items. The brand claims to give even better prices than wholesale.

Rewinding back to when DealShare started, co-founders mentioned that in the initial stages of the company, WhatsApp was the best mode of running their e-commerce business. Co-founder Vineet Rao explicitly mentions that doing this business clearly showed that people were only interested to buy products that were on cheaper and discounted prices.

He added that later on, this idea of incentivising products and offering discounted deals to consumers became their primary offering. Along with discounts, the company started giving great deals on products followed by amazing cashback. The cashback could be redeemed by users when they share the deal with their friends.

This was a brief journey on how DealShare came into the business and with time, the e-commerce platform launched its own website and mobile app.

Furthermore, co-founder Rao states that the products offered by the brand are 80%-90% ‘Made In India’ and products are manufactured and sold locally.

However, in order to pull the business off, a supplier network had to be created which, Rao mentions to be a very difficult task. Suppliers were not completely open to the idea of working with e-commerce platforms as they were uncomfortable with modernisation. Some of them had previously worked with some private companies and were sadly disappointed by their services.

In retrospect, modernisation could technically benefit these suppliers a lot more as the reach of their product is suddenly not limited to their shop.

Most Indians live in non-metro cities of India and the shopping behaviour of middle and lower-income group of consumers is different. The company mentions to have understood the loopholes and little nuances of the target market and this will help them focus on minimum cost-maximum impact model.

 

Tags: DealSharefunding
Tweet54SendShare15
Previous Post

Melbet India

Next Post

Elon Musk told to hold Tesla’s Gigafactory plans because of hibernating snakes

Chhavideep Singh

Hi! I'm Chhavideep, If you like reading about technology, business and start-ups, you've come to the right place. Catch me: [email protected]

Recommended For You

Majority of Canadians Want Lower Tariffs on Chinese EVs to Improve Affordability

by Samir Gautam
June 13, 2025
0
Majority of Canadians Want Lower Tariffs on Chinese EVs to Improve Affordability

A growing number of Canadians are questioning the country’s current trade policy on electric vehicles, with a recent poll revealing that the majority prefer a more open market...

Read more

InterGlobe Enterprises Set to Offload 4% IndiGo Stake via Block Deals

by Ishaan Negi
June 13, 2025
0
InterGlobe Enterprises Set to Offload 4% IndiGo Stake via Block Deals

The parent company of low-cost airline behemoth IndiGo, InterGlobe Enterprises, is reportedly seeking to sell off up to 4% of the firm through block agreements, a move that...

Read more

Ola’s Zero Commission Revolution: Empowering Drivers, Redefining Ride-Hailing

by Ishaan Negi
June 13, 2025
0
MapMyIndia alleges data theft and unfair practices by Ola to develop Ola Maps

In India’s ever-bustling cities, cab drivers are the silent engines that keep people moving. For years, many of them have relied on platforms like Ola and Uber to...

Read more
Next Post
Elon Musk

Elon Musk told to hold Tesla's Gigafactory plans because of hibernating snakes

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?