DealShare, a social e-commerce startup, announced a $144 million Series D round led by Tiger Global, its third fund-raise in the last seven months. WestBridge Capital, Alpha Wave Incubation (a venture fund backed by ADQ and managed by Falcon Edge Capital), and Z3Partners led the latest funding round. The round was attended by DST Global, Matrix Partners India, and Alteria Capital partners.

With the current round, DealShare, which was founded in 2018, has raised a total of $183 million in funding, with a post-funding valuation of $455 million.

Vineet Rao, CEO and founder, DealShare, “We believe India is a unique market with its highly diverse demographics and requires an indigenous model that is built based on first principles and differentiates itself from western and Chinese e-commerce models."

Avendus was the exclusive financial advisor for this transaction.

“We are excited to partner with DealShare as they grow the Indian E-commerce market. DealShare’s unique approach combines discovery-led social sharing, group buying, and a gamified shopping experience with a simple consumer interface. They are well-positioned to power the next wave of Indian e-commerce growth," said Griffin Schroeder, partner at Tiger Global.

“We are confident of hitting a $1 billion GMV (gross merchandise value) run rate by end of the year, thereby building a strong 10 million customer base. We currently serve 40 cities and towns across 5 states and will increase our footprint to 100 cities and towns and 10 states by year-end," Medda said.

DealShare, according to Navroz Udwadia, co-founder and CEO of Falcon Edge Capital, will break even in the next 12 months. The company will also expand internationally, beginning with the UAE, where it will establish its first base.