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DealShare raises additional $45M in ongoing Series E round

DealShare

DealShare, a social commerce firm located in Jaipur, announced on Thursday that it has raised an additional $45 million as part of its ongoing Series E fundraising round from an Abu Dhabi Investment Authority wholly-owned subsidiary (ADIA).

The rapidly developing social commerce startup, founded by Vineet Rao, Sourjyendu Medda, Sankar Bora, and Rajat Shikhar in 2018, caters to the 500 million new-to-internet and value-seeking customers.

Commenting on the fundraising, Vineet Rao, Co-founder and CEO, DealShare, said, “We are thrilled to welcome ADIA as a shareholder as part of our next phase of growth. The support we have been receiving from the investor community is very encouraging. It is a testimony of the confidence in DealShare’s vision, business model, and an acknowledgement of the growth we have been exhibiting. In a span of just three years, we have scaled to over 10 million customers and over 100 cities across 10 states.”

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