DealShare

The Indian startup of DealShare develops the platform of the same name on collective sale and delivery of food and simple consumer goods. The startup was started by five entrepreneurs at the beginning of 2018, and its headquarters is located in Jaipur with branches in Bangalore and Ahmedabad.

History

2019: Partners of fund of Yury Milner invested in DealShare

In the middle of October, 2019 the platform of social commerce DealShare raised funds in the amount of $11 million. Main investors of Matrix Partners India steel, hedge fund of Falcon Edge Capital and also partners of fund of Yury Milner DST Global.

First of all DealShare is a platform for group purchases of products of prime necessity at a discount. Audience of the platform - consumers with low and average income in towns. The startup provides discounts, a free house delivery and cash on delivery if the user does purchase together with friends and neighbors.

Partners of fund of Yury Milner invested in service of joint purchases of essential goods

The CEO of DealShare Blames Rao (Vineet Rao) noted that due to the lack of tools for collective purchases the Indian consumers living in the small cities often could not gather to make a profitable purchase with a free delivery. DealShare solves this problem thanks to the application in which it is possible to collect wishes of all friends and relatives and to issue the uniform order.

The project is already present at 10 Indian cities and is going to extend up to 100 cities in more than 10 states within the next year. The received funds will be allocated for business expansion, development of solutions on the basis of artificial intelligence and creation of local logistic network. The startup is going to start such programs as DealShare Dost for deliveries to the end user and DealShare Dukaan, the representing model of online store.^[1]

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