Private Equity Fund Investments
Social commerce platform DealShare raises $28-M from Falcon Edge, WestBridge, Matrix
Jaipur-based social commerce platform DealShare has raised INR 204.54 crore (USD 28 million) in a round led by Falcon Edge's Alpha Wave Incubation, WestBridge Capital and Matrix Partners. Alpha Wave Incubation has invested INR 112.31 crore, followed by WestBridge Capital and Matrix Partners, which put in INR 74.6 crore and INR 6.74 crore, respectively. DealShare claims to have reached a post-money valuation of INR 1,560 crore, USD 212 million. The company is likely to be valued at around USD 400 million after the completion of this round. The startup sources products of daily use directly from local manufacturers and suppliers and targets households that fall under the INR 30,000-50,000 income bracket in non-metros. It has raised around USD 70 million to date, which includes a couple of debt rounds from Alteria and Innoven Capital.
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