E-commerce startup DealShare expects to hit $1 bn revenue in near term

The firm on Friday night said that it has raised $165 million in the first close of its Series E fund raise, at a valuation of $1.65 billion

Three-year-old social e-commerce start-up DealShare on Friday night said that it has raised $165 million in the first close of its Series E fund raise, at a valuation of $1.65 billion, making it the latest entrant to India's coveted unicorn club. The company welcomed Dragoneer Investments Group, Kora Capital and Unilever Ventures, along with continued commitments from existing investors Tiger Global and Alpha Wave Global (Falcon Edge).

The company has been growing its consumer and revenue base strongly and expects to hit $1 billion revenues in the near term. The funds raised in this round will be utilized to invest