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TIGER GLOBAL DEALSHARE
DealShare shifts focus to B2C model as it relaunches operationsThe Tiger Global-backed hyperlocal ecommerce company, which now targets value-conscious customers in smaller cities, had to shut down its B...- Dealshare FY24 revenue falls 75% post restructuring, loss narrows to a thirdWhile revenue fell sharply, it managed to reduce loss to a third at Rs 167 crore compared with Rs 503 crore the year before, according to t...
- IT Q3 earnings off to a weak start; Dealshare’s new CEOThe third-quarter IT earnings for FY24 began on a weak note as TCS posted a low single-digit rise in net profit while Infosys saw its profi...
- Dealshare founder, president of retail business in race for CEO post“There is a review going on since Rao stepped down as the CEO. Singh and Medda are the two candidates from the existing management. But the...
- Dealshare cofounders Vineet Rao, Sankar Bora exit post rejigWhile Rao “stepped down” from his role of chief executive in July and was supposed to work with the board for hiring a new CEO, he has now ...
- Investors rope in Deloitte at Groyyo to shut down its B2B trading businessNew York-based investment fund Tiger Global is also believed to be engaging with another Big 4 audit firm for a potential forensic audit of...
- Binny Bansal cashes out of Flipkart, Walmart stake hits nearly 80%; Dealshare CEO steps downSachin Bansal cashed out of Flipkart when the Americans moved in five years ago. But his cofounder Binny Bansal had held on to his stake. N...
- Ecommerce startup Dealshare CEO Vineet Rao steps down, board will identify replacementThe company said Rao would “work with the Board to help identify the right CEO to lead this mission. He will also continue to work with and...
- Exclusive: Dealshare lays off 100 as Tiger Global-backed startup reworks business planAccording to sources aware of the matter, the company has seen a drop of over 30% in its annualised gross merchandise value (GMV) run rate ...
- India saw 14 new unicorns in Jan-June; up from 13 year-on-year: TracxnIndia ranks third in overall unicorns created, with the United States in first position, followed by China, Tracxn added.
- ETtech Deals Digest: Uniphore, ElasticRun, Pine Labs raise fundsArtificial intelligence platform Uniphore, business-to-business (B2B) ecommerce firm ElasticRun and digital payments and financial service ...
- Dealshare raises $45 million from ADIA; valuation rises to $1.7 billionDealShare is now valued at over $1.7 billion.
- Dealshare turns unicorn after $165 million funding from Tiger Global, Alpha WaveTiger Global invested almost $40 million while Alpha Wave Ventures invested more than $31 million. After the funding, Tiger Global owns 11....
- Google bets a billion on Bharti Airtel; Zomato backs two more startupsGoogle will make an equity investment of $700 million in Bharti Airtel at Rs 734 a share. The $300 million go towards scaling Airtel’s offe...
- CityMall joins hyper-competitive fresh grocery spaceThe startup had struggled with supply chain issues despite attracting demand the first time around, a person aware of its plans said.
- DealShare appoints Ratul Ghosh as chief growth officerVineet Rao, Founder & CEO, DealShare said in a release: “We are at the cusp of exponential growth and his invaluable experience of over 20 ...
- Swiggy to test social commerce for group buying of groceriesSwiggy has been conducting a combination of external as well as internal hiring – including for several technology roles - to build the ver...
- DealShare to invest $100 mn for scaling operations, hire 5,000 people"Currently, we are present in almost 900 pin codes across 5 states and over 45 cities. By the end of the year, we will hit a GMV ARR (annua...
- ETtech Deals Digest: DealShare, Shiprocket raise funds this weekStartups raised smaller funding rounds this week compared to the previous one. Social commerce platform DealShare and logistics aggregator ...
- DealShare raises $144 million from Tiger Global and othersThe round was led by New York venture fund Tiger Global and co-led by WestBridge Capital, Alpha Wave Incubation and Z3Partners.
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