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

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