DealShare raises $45 million from ADIA

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DealShare raises $45 million from ADIA
19 Feb 2022
5 min read

News Synopsis

Social e-commerce company DealShare on Thursday announced that it has raised $45 million in its funding round. It has received this investment from Abu Dhabi Investment Authority (ADIA). The company’s valuation has now reached $1.7 billion. Vineet Rao, Founder and CEO of DealShare said: "In a span of just 3 years, we have scaled to over 10 million customers and over 100 cities across 10 states”.  The company will utilize these funds to develop new products and expand its business. Hamad Shahwan Al Dhaheri, Executive Director of the Private Equities Department at ADIA after the investment said: "India's e-commerce ecosystem is developing rapidly, and DealShare is addressing an underserved and growing segment within it”. In its previous rounds of fundings, DealShare has raised $165 million from Tiger Global, Alpha Wave Global, Dragoneer Investments Group, Kora Capital, and Unilever Ventures.

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