DealShare Raises $100M in Series D Funding Led by Tiger

DealShare, an Indian social commerce startup, has raised $100 million in a Series D funding round led by Tiger Global. The company initially focused on using WhatsApp to connect local merchants with consumers, enabling them to buy and sell products at wholesale prices. This latest funding round comes after the company raised $21 million in a Series C round in December 2020 [1].

According to sources, the investment will be used to expand DealShare’s presence in existing markets and to enter new ones. The company currently operates in 25 cities across India and has over 100 million users [2]. DealShare plans to use the funds to expand its operations to more than 100 cities in India and to enter new markets in Southeast Asia [3].

DealShare’s Business Model

DealShare’s business model is based on social commerce, which involves using social media platforms such as WhatsApp and Facebook to connect local merchants with consumers. The company works with local suppliers to source products at wholesale prices and then sells them to consumers at a discount. DealShare’s platform also allows users to share deals with their friends and family, which helps to drive sales [4].

The company has been successful in India due to its focus on Tier II and III cities, where there is a large untapped market for e-commerce. DealShare’s platform allows local merchants to reach a wider audience and sell their products at a higher volume, which helps to increase their revenue [5].

DealShare’s Competition

DealShare faces competition from other social commerce startups such as Meesho, which raised $300 million in a funding round led by SoftBank in April 2021 [1]. Meesho also operates in India and focuses on connecting local merchants with consumers through social media platforms.

Other competitors include Amazon and Flipkart, which are the largest e-commerce platforms in India. However, DealShare’s focus on Tier II and III cities has allowed it to carve out a niche in the market [6].

Challenges and Opportunities

One of the challenges that DealShare faces is the increasing competition in the social commerce space. The company will need to continue to innovate and differentiate itself from its competitors to maintain its market share.

However, there are also opportunities for growth in the Indian e-commerce market. According to a report by RedSeer Consulting, the Indian e-commerce market is expected to reach $200 billion by 2026, driven by increased internet penetration and smartphone usage [7].

Conclusion

DealShare’s latest funding round is a testament to the company’s success in the Indian social commerce market. The company’s focus on Tier II and III cities has allowed it to tap into a large untapped market and connect local merchants with consumers through social media platforms such as WhatsApp. With the new funding, DealShare plans to expand its operations to more than 100 cities in India and enter new markets in Southeast Asia. However, the company will need to continue to innovate and differentiate itself from its competitors to maintain its market share in the increasingly competitive social commerce space.

DealShare, an Indian social commerce startup, has raised $100 million in a Series D funding round led by Tiger Global. The company initially focused on using WhatsApp to connect local merchants with consumers, enabling them to buy and sell products at wholesale prices. This latest funding round comes after the company raised $21 million in a Series C round in December 2020 [1].

According to sources, the investment will be used to expand DealShare’s presence in existing markets and to enter new ones. The company currently operates in 25 cities across India and has over 100 million users [2]. DealShare plans to use the funds to expand its operations to more than 100 cities in India and to enter new markets in Southeast Asia [3].

DealShare’s Business Model

DealShare’s business model is based on social commerce, which involves using social media platforms such as WhatsApp and Facebook to connect local merchants with consumers. The company works with local suppliers to source products at wholesale prices and then sells them to consumers at a discount. DealShare’s platform also allows users to share deals with their friends and family, which helps to drive sales [4].

The company has been successful in India due to its focus on Tier II and III cities, where there is a large untapped market for e-commerce. DealShare’s platform allows local merchants to reach a wider audience and sell their products at a higher volume, which helps to increase their revenue [5].

DealShare’s Competition

DealShare faces competition from other social commerce startups such as Meesho, which raised $300 million in a funding round led by SoftBank in April 2021 [1]. Meesho also operates in India and focuses on connecting local merchants with consumers through social media platforms.

Other competitors include Amazon and Flipkart, which are the largest e-commerce platforms in India. However, DealShare’s focus on Tier II and III cities has allowed it to carve out a niche in the market [6].

Challenges and Opportunities

One of the challenges that DealShare faces is the increasing competition in the social commerce space. The company will need to continue to innovate and differentiate itself from its competitors to maintain its market share.

However, there are also opportunities for growth in the Indian e-commerce market. According to a report by RedSeer Consulting, the Indian e-commerce market is expected to reach $200 billion by 2026, driven by increased internet penetration and smartphone usage [7].

Conclusion

DealShare’s latest funding round is a testament to the company’s success in the Indian social commerce market. The company’s focus on Tier II and III cities has allowed it to tap into a large untapped market and connect local merchants with consumers through social media platforms such as WhatsApp. With the new funding, DealShare plans to expand its operations to more than 100 cities in India and enter new markets in Southeast Asia. However, the company will need to continue to innovate and differentiate itself from its competitors to maintain its market share in the increasingly competitive social commerce space.