Dealshare

Apart from Ashish Shah, Chief Business Officer (CBO) and Chief Growth Officer (CGO) Viral Jhaveri and VP Manik Oberoi have also left Zepto in recent months. Chief Marketing Officer Amritansu Nanda too quit last year.

DealShare's Sourjyendu Medda quits; Kamaldeep Singh promoted internally as new CEO

Singh joined DealShare in December 2022 after 14 years with Big Bazaar where he held several leadership positions.

Omidyar Network to exit India market by end of 2024

Moneycontrol checked with six portfolio companies and none of the founders had a clue about a move of this magnitude.

DealShare gives up office space in Bengaluru, lowers monthly rental cost by Rs 25 lakh

Prior to the shutdown of the HSR office, DealShare was paying a monthly rent of around Rs 40 lakh. DealShare now joins a list of companies like Byju’s and Dunzo which have also given up their office spaces in Bengaluru to cut costs.

DealShare to layoff 130 employees as it decides to shut B2B unit

The B2B division, while smaller than the B2C unit, still accounted for about 20-25 percent of DealShare’s revenue.

DealShare CEO Vineet Rao steps down; company moves base to Delhi

All staffers from non-tech divisions are being asked to relocate to Delhi within three months because the region is becoming more important for DealShare.

DealShare to invest Rs 1,000 crore in 5 years to help MSME partners scale business

The company plans to make investments mainly in six states — Uttar Pradesh, Rajasthan, Haryana, Himachal Pradesh, Gujarat and Maharashtra.

DealShare to invest Rs 1,000 cr to strengthen private label play, scale local brands

The fresh announcement of Rs 1,000 crore is over and above Rs 500 crore that DealShare committed to invest in November 2022 to grow its private labels, including staples, home cleaning solutions and the like over the coming 2-3 years.

1K Kirana Bazaar raises $2-3 million from existing investors, a month after layoffs

According to sources, the funding will help the start-up sustain its business for a while following large-scale downsizing and funding deal cancellations.

Tiger Global-backed Dealshare lays off 6% of staff

Dealshare’s annualised revenue rate has fallen by a third to around $600 million from the peak of $900 million achieved last year, says founder Sourjyendu Medda

DealShare on hiring mode as it expands to new locations

Unlike some startups that are laying off people, this social commerce company is recruiting staff as it plans to introduce services in 50 additional cities in the country this financial year.

DealShare raises $45 million in series E funding at $1.7 billion valuation

Earlier in 2022, DealShare raised $165 million in the first close of its Series E fundraise from Dragoneer Investments Group, Kora Capital, Unilever Ventures, and existing investors, Tiger Global and Alpha Wave Global (Falcon Edge).

DealShare turns unicorn with $165 million funding led by Tiger Global

DealShare, founded in September 2018 by Vineet Rao, Sourjyendu Medda, Sankar Bora, and Rajat Shikhar, is focused on bringing an online shopping experience to first-time internet users in India's hinterlands

DealShare to invest $100 million for scaling operations, hire 5,000 people

The company, which had recently raised USD 144 million from Tiger Global, WestBridge Capital, Alpha Wave Incubation and others, also announced its formal launch in Delhi-NCR.

Tiger Global leads $144 million funding round in DealShare

With this, DealShare has raised a total funding of $183 mn to date, pegging its valuation at $455 million, post-money.

E-commerce start-up DealShare to hire 5,000 people by December

To cater to the growing e-commerce demand, the company plans to hire 3,000 workforce in the next two-three months in Rajasthan, Gujarat, Maharashtra and Karnataka and 5,000 by the end of December across all levels in warehouse, delivery and technology segments, he added.