Keep a close eye on @DealShareIndia's growth story. The social-ecommerce venture expects to clock $750 million in annualised GMV this month. What's amazing: it raised just $35 million in three rounds of funding since 2018, and unearthed 2 million customers by Dec 2020. (1/4)
https://twitter.com/YourStoryCo/status/1466618194689511428
Since then, DealShare has added 4 million new customers in a year, raised $144 million by June 2021 in a round led by Tiger Global, and begun to invest in its senior leadership hires, five of whom have been onboarded in the past three months. (2/4)
DealShare is used by consumers in 60 cities -- 40 of these have less than 500,000 population each. The app links consumers to producers and farmers in their vicinity. In effect, each state has as many as 2,000 locally-sourced SKUs (stock-keeping units). (3/4)
The new leaders: Ratul Ghosh as Chief Growth Officer, Shivakumar L R as Chief Merchandising Officer, Hemant Sood as Head of Owned & Contract Manufacturing, Ashley D'Souza as Head of Offline Businesses, and Roy Thomas as Head of General Merchandise. (4/4)
For more, read my piece.
For more, read my piece.
Full story is here: yourstory.com/2021/12/dealsh…
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