PE Fund Investments
Social commerce startup DealShare raises $130-M from Tiger Global, others; turns unicorn
Bengaluru-based DealShare, a grocery and essentials focused social commerce startup, has received commitment of around INR 969 crore (USD 130 million) from a mix of existing investors like Tiger Global and Alpha Wave Global and new investors. The Series E round will value the company at INR 12,198.04 crore ($1.62 Billion, making it the latest entrant to the Unicorn club. DealSare will issue 42,983 series E CCPS at INR 225,363 apiece to the investors in the round. Tiger Global will invest INR 293.54 crore in the round, followed by Alpha Wave (INR 234.83 crore), Kora Investment (INR 205.80 crore), Dragoneer Investment Group (INR 146.78 crore) and Twenty Nine Capital Partners (INR 87.73 crore).
From the Venture Intelligence PE-VC Deal Database: Between Jan-19 and May-21, DealShare had raised over $175-M from Z3Partners, Alteria Capital, Alpha Wave Global, DST Global, WestBridge, Matrix Partners India, Tiger Global, InnoVen Capital, Omidyar Network, Whiteboard Capital, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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