Private Equity Fund Investments
Tiger Global joins $144-M round for social commerce startup DealShare
Bengaluru- and Jaipur-based social commerce platform DealShare has raised USD 144 Million led by Tiger Global and co-led by WestBridge Capital, Alpha Wave Incubation & Z3Partners, with participation from DST Global, Matrix Partners India and Alteria Capital. Avendus was the exclusive financial advisor for the transaction. With the current round, the total funding raised by DealShare stands at USD 183 million. The company plans to use the new funds to expand its operations, invest in technology and build its team. In addition, it is exploring acquisitions of early-stage startups in the social and gamification space, logistics and operation DealShare has built a retail model with a focus on affordability for mass consumers in India. It aims to offer low priced essentials coupled with a gamified vernacular shopping experience that makes it easy for first-time internet users to experience online shopping.
From the Venture Intelligence PE-VC Deal Database: In May-21, DealShare had raised about INR 224 crore from Z3Partners, Falcon Edge Capital, DST Global, WestBridge, Omidyar Network, Matrix Partners India and Whiteboard Capital. It counts Innoven Capital and Alteria Capital among its venture debt investors.
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