DealShare has raised $45 million in series E fundraising at a valuation of $1.7 billion
- ByStartupStory | February 18, 2022
DealShare, a newly-minted unicorn, has secured $45 million from the Abu Dhabi Investment Authority (ADIA) in a Series E investment round, valuing the company at $1.7 billion. With this, the firm has now raised $393 million in total capital.
The cash will be used to expand the social e-commerce firm, hire more employees, and develop new products.
DealShare has previously collected $165 million from Dragoneer Investments Group, Kora Capital, Unilever Ventures, and current investors, Tiger Global and Alpha Wave Global, in the first closure of its Series E financing in 2022. (Falcon Edge).
DealShare, founded in 2018 by Vineet Rao, Sourjyendu Medda, Sankar Bora, and Rajat Shikhar, offers a curated selection at very competitive pricing and has established a unique community leader-driven ultra-low-cost distribution mechanism, resulting in best-in-class unit economics.
The firm presently has roughly 60 lakh monthly active users (MAUs) and 20 lakh transactional clients.
Follow Startup Story
Related Posts
