Business Standard

Dealshare raises $45 mn from ADIA in Series E round at $1.7 bn valuation

Aims for $3 billion of gross revenue run rate and operational profitability in next 12 months


DealShare was founded by Vineet Rao, Sourjyendu Medda, Sankar Bora, and Rajat Shikhar in 2018

Deepsekhar Choudhury Bengaluru
Social e-commerce start-up DealShare has raised another $45 million as part of its series E funding round from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) at a valuation of $1.7 billion. Earlier, the company had announced its first close of the Series E round with a funding of $165 million – which brings the company’s total funding to date at $393 million.

The company will use the funds from its Series E funding round for product innovation and technology to support its growth and expand the customer base. 

Vineet Rao, Founder & CEO of DealShare, said, “We

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First Published: Feb 17 2022 | 4:56 PM IST

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