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DealShare founders leave firm amid restructuring, sales expected to halve

Vineet Rao and Sankar Bora, the founders of India-based ecommerce platform DealShare, have exited the company amid the firm’s ongoing job cuts and business restructuring efforts.

Rao stepped down as CEO in July, and the company has yet to name a successor. Bora, on the other hand, had been the COO of DealShare.

With the operational changes and following an investor review in September, DealShare expects its total sales to be halved this year compared to last year.

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