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Social commerce player DealShare raises $11 mn from Matrix Partners, others

The start-up, focused on middle- and lower-income clientele in grocery and home categories segments, in Tier-II and -III cities, currently has over 300,000 customers and services 15,000 orders per day

Social commerce player DealShare raises $11 mn from Matrix Partners, others

Venture capital (VC) company Matrix Partners India has led $11-million Seed and Series A investment rounds, jointly with Falcon Edge, in social commerce start-up DealShare. The investment also saw participation from partners of DST Global, Omidyar Network, besides other leading angel investors. DealShare focuses on grocery and home categories targeted at the middle- and lower-income clientele in Tier-II and -III cities. It currently has more than 300,000 customers in Jaipur, Ahmedabad, Surat, Baroda, Kota, Jodhpur, Ajmer, Sikar, Sawai Madhopur and Nagpur, and plans to launch in some ...