Dealshare operates as a hyperlocal online buying platform. The platform allows buyers to purchase groceries in a couple of clicks and search using vernacular browsing. It was founded in 2018 and is based in Bengaluru, India.
DealShare's Products & Differentiators
Covering all processed and packaged food articles.
Research containing DealShare
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned DealShare in 6 CB Insights research briefs, most recently on Apr 25, 2022.
Expert Collections containing DealShare
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
DealShare is included in 3 Expert Collections, including E-Commerce.
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
Food & Meal Delivery
Startups and tech companies offering online grocery, food, beverage, and meal delivery services.
Latest DealShare News
Nov 24, 2023
Dealshare cofounders Vineet Rao, Sankar Bora exit post rejig SECTIONS By Rate Story Synopsis While Rao “stepped down” from his role of chief executive in July and was supposed to work with the board for hiring a new CEO, he has now left Dealshare even as the company has yet to name his successor, several people aware of the matter said. Bora, who was chief operating officer, has also moved on from the company which is now shifting its non-tech functions to Gurgaon. ETtech Shankar Bora and Vineet Rao, cofounders, Dealshare Vineet Rao and Sankar Bora, two cofounders of ecommerce platform Dealshare, have left the firm which has seen multiple rounds of job cuts and a business restructuring this year, people in the know told ET. While Rao “stepped down” from his role of chief executive in July and was supposed to work with the board for hiring a new CEO, he has now left Dealshare even as the company has yet to name his successor, several people aware of the matter said. Bora, who was chief operating officer, has also moved on from the company which is now shifting its non-tech functions to Gurgaon. Elevate Your Tech Prowess with High-Value Skill Courses Offering College Medda and Shikhar still continue to operate inside the firm along with senior executives like former Big Bazaar chief executive Kamaldeep Singh, who was hired as president of retail business, and Rajesh Purohit, formerly at SPAR Hypermarkets India, who is now senior vice president of retail at Dealshare. While Rao held a 11.7% stake in the firm as of March 2022, Bora owned about 3.2% and Medda had 7.1%, data from Tracxn showed. Shikhar did not own any stake. The departure of two cofounders came at a time when the company has seen a significant change in its operations, following an investor review over its consumer-facing business as well as B2B trading vertical. Dealshare in September had to shut its B2B business following a business review by its investors, and fired 130 employees . The company had cut more than 100 jobs in January. It now has just about 500 employees. ETtech Because of the restructuring, it is expected to clock only half of last year’s total sales, as per current estimates. It is on an annualised gross sales run rate of about $150-200 million, sources said. Similar to Dealshare , Groyyo — another Tiger Global and Alpha Wave-backed startup — is in the process of shutting its B2B vertical after investors mandated auditing firm Deloitte for the same, as reported by ET on October 30 . Before Dealshare, Rao had founded another ecommerce platform named Shopwest and worked at Microsoft prior to that, according to his LinkedIn profile. Bora had previously worked in a senior role at Flipkart-owned Myntra. Of the about 500 employees on its rolls now, 60 employees — mostly engineers — work out of Bengaluru. Another 180-200 work out of Gurgaon, while about 200 are based in Jaipur. The firm had about 1,000 employees at the start of the year. The firm recently gave up the main office space it occupied in the HSR area in Bengaluru, having moved its headquarters to Gurgaon from Bengaluru in September. Experience Your Economic Times Newspaper, The Digital Way! Thursday, 23 Nov, 2023 IndiGo may introduce a premium class of seats along with hot food and a loyalty programme by the end of 2024, as India’s largest airline looks to court more business flyers and rival Air India on international routes, said people with knowledge of the matter.
DealShare Frequently Asked Questions (FAQ)
When was DealShare founded?
DealShare was founded in 2018.
Where is DealShare's headquarters?
DealShare's headquarters is located at 97, 17th Cross Road, Sector 4, HSR Layout , Bangalore, Karnataka 560102, IN Get directions Get directions to 97, 17th Cross Roa, Bengaluru.
What is DealShare's latest funding round?
DealShare's latest funding round is Series E - II.
How much did DealShare raise?
DealShare raised a total of $391.52M.
Who are the investors of DealShare?
Investors of DealShare include Abu Dhabi Investment Authority, Alpha Wave Global, Tiger Global Management, Kora Investments, Dragoneer Investment Group and 16 more.
Who are DealShare's competitors?
Competitors of DealShare include Flipkart, Bulbul, GlowRoad, CityMall, Meesho and 7 more.
What products does DealShare offer?
DealShare's products include FMCG and 2 more.
Compare DealShare to Competitors
Mall91 is a vernacular social commerce platform that combines live videos based shopping, local language voice recognition based catalogue, Whatsapp-like chat based checkouts.
CityMall operates as an e-commerce platform. It sells lifestyle and household products to consumers via its mobile application. The company was founded in 2019 and is based in Gurugram, India.
HappyShappy is a social-commerce portal and discovery platform. The firm focusses on three things: being a social media platform, an aggregator of user-generated content and a commerce platform as well.
Meesho provides an e-commerce platform. It provides a platform that connects sellers, consumers, and entrepreneurs, enabling small businesses and individual entrepreneurs. It primarily serves the ecommerce industry. The company was founded in 2015 and is based in Bengaluru, India.
Pinkcitykirana.com (PCK) is an online grocery store. It offers vegetables, baby care products, stationery, groceries, fruits, and personal care products. It was founded in 2014 and is based in Jaipur, India.
Zasket operates as a vegetables and fruit delivery application. It offers an online supermarket for fresh groceries at a low price with free home delivery. The company was founded in 2021 and is based in Hyderabad, India.