DealShare, a social e-commerce platform that offers online shopping services to people hailing from low income segment, has forayed into IT city of Bengaluru. This almost two year startup is already providing services across 25 cities in leading states like Maharashtra, Gujarat and Rajasthan.
Commenting on DealShare’s enter in Bengaluru, Mr. Vineet Rao, Founder and Chief Executive Officer said “DealShare has serviced more than 15 lakh customers across Rajasthan, Gujarat and Maharashtra who now use the app regularly.”
He further added “In fact, we are witnessing more than 50% month-on-month increase in the customer base in these states. We are confident we will see an even better traction in Bengaluru as it is a city that has always been very rapidly adopting new things. Further, we are looking forward to significantly invest in expanding our existing technology team in Bengaluru from 50 to 500 people.”
The company plans to make Bengaluru its southern hub and also intends to enter in other Southern regions like Chennai and Hyderabad in the next few months, claimed Mr. Sourjyendu Medda, co-founder & Chief Business Officer.
In the IT hub of Bengaluru, company is planning to provide customers unhindered access to locally procured indigenous/regional products and brands across various categories at the best possible prices.
Along with its B2C operation, the startup has also launched a B2B platform to aid state government and local authorities in delivering essential products to residents during the ongoing COVID 19 lockdown.
DealShare is actually bit different from other conventional e-commerce platforms like Flipkart and Amazon. The company leverages the potential of both e-commerce and social platforms to help customers avail worthy online shopping deals.
However, its differentiating factor doesn’t merely end here. Deals and products found on this platform are way different than found on usual e-commerce websites. It stocks relatively less popular brands in every product segment, since the focus is mainly on middle and low income customers, who are more affiliated towards local brands.
DealShare boasts on an average 2000 stock keeping units (SKU) across all categories and delivers almost 30,000 to 40,000 orders per day to its consumers and Kirana Partners, according to the statement issued by the company.
In October last year, the company had raised $11 Mn in series A round from high profile investors like Matrix Partner and Falcon Edge Capital.
