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Deepti Sri · · 1 min readDealShare in talks to raise up to $200m in round that may see it enter unicorn club
“Grocery and essentials-focused social commerce startup DealShare is in talks with new and existing investors to raise a fresh round at over US$1 billion valuation,” Entrackr reported, citing three sources aware of the deal.
Details:
- Existing investors including Tiger Global and Alpha Wave Incubation may back the company in the new funding round, which may be in the range of US$150 million to US$200 million.
- The fresh financing round may push DealShare’s valuation to between US$1 billion to US$1.2 billion, making it the second startup in India’s social commerce space after Meesho to hit unicorn status.
Dive deeper:
- Last month, DealShare raised US$144 million in a funding round led by Tiger Global, WestBridge Capital, Alpha Wave Incubation, and Z3Partners.
- The company is also looking to expand its operations outside India and is set to establish its first international location in the UAE.
Editing by Collin Furtado and Jaclyn Tiu
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