Sources dealshare indian whatsapp 100m series, an Indian e-commerce platform, has raised $100 million in a series D funding round led by Tiger Global Management. The funding round also saw participation from existing investors including WestBridge Capital, Alpha Wave Incubation, and Z3Partners. DealShare was founded in 2018 and operates in 25 cities across India. The platform offers a range of products including groceries, household items, and electronics. The company has a unique model where it sources products directly from manufacturers and sells them to customers at discounted prices.
With the new funding, DealShare plans to expand its operations to 100 cities in the next 18 months. The company also plans to invest in technology and logistics to improve its customer experience. DealShare aims to become the go-to platform for affordable shopping in India.
Impact of WhatsApp ban
DealShare’s growth has been largely driven by its presence on WhatsApp. The platform has over 10 million registered users, with most of them coming through WhatsApp referrals. However, the recent ban on WhatsApp’s business accounts has affected DealShare’s operations. The company has had to shift its focus to other channels such as SMS and email marketing.
While DealShare has seen impressive growth in the past few years, it still faces challenges in the highly competitive Indian e-commerce market. The market is dominated by giants such as Amazon and Flipkart, which have deep pockets and extensive logistics networks. DealShare will need to continue innovating and improving its customer experience to stay ahead of the competition.
DealShare’s latest funding round is a testament to the company’s potential in the Indian e-commerce market. With its unique business model and focus on affordability, DealShare has carved out a niche for itself in the market. The company’s expansion plans and investment in technology and logistics will help it stay ahead of the competition and continue to grow in the coming years.