Startup Profile

DealShare

Legal entity: Mad Street Connect Private Limited

Social commerce for value-conscious Bharat

E-commerceUnicornMarketplace· Bengaluru, Karnataka· Est. 2018Website ↗
DealShare is an Indian e-commerce and social commerce company that sells groceries and daily essentials to value-conscious consumers in tier 2, tier 3 and smaller towns. Founded in 2018 and headquartered in Bengaluru, it became a unicorn in January 2022 at a valuation of about 1.6 billion dollars. After heavy losses it wound down its B2B wholesale business in September 2023 to refocus on its consu
Funding raised
₹2888.40 Cr
Total disclosed
Latest valuation
₹13280.00 Cr
Most recent round
Latest revenue
₹1963.50 Cr
FY FY23
Employees
—
FY FY23

Founders

  • Vineet Rao

    Co-founder and former CEO of DealShare, leading its social commerce vision for value-conscious consumers in smaller Indian towns. Came from an entrepreneurial and technology background and exited the company during the 2023-2024 restructuring.

  • Sourjyendu Medda

    Co-founder of DealShare with over a decade of experience in retail and FMCG, holding senior business and commercial leadership roles before stepping down.

  • Sankar Bora

    Co-founder of DealShare and earlier a co-founder of fashion e-commerce platform Myntra, focused on operations.

  • Rajat Shikhar

    Co-founder and Chief Product Officer of DealShare, previously Chief Product Officer at Foodpanda.

Funding rounds

  1. Series E2022-01-27₹1369.50 CrLed by Tiger Global
  2. Series D2021-07-08₹1195.20 CrLed by Tiger Global
  3. Series C2020-12-08₹174.30 CrLed by WestBridge Capital

Financials

MCA / self-reported
Fiscal yearRevenueProfit / (Loss)Employees
FY23₹1963.50 Cr(₹502.00 Cr)—
FY24₹499.00 Cr(₹167.70 Cr)—

The full story

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Timeline

  1. 2024FY24 revenue falls 75 percent, three co-founders exit — FY24 operating revenue fell about 75 percent to roughly 499 crore rupees while net loss narrowed to about 168 crore rupees. Three of four co-founders left and Kamaldeep Singh became CEO.
  2. 2023-09Winds down B2B wholesale business — DealShare wound down its B2B wholesale operations, which had generated about half its revenue, to refocus on its consumer business, and laid off more than 100 employees.
  3. 2022-01-27Becomes unicorn with Series E — Raised a Series E (announced at about 165 million dollars) led by Tiger Global with Alpha Wave, Kora and others, reaching a post-money valuation of about 1.62 billion dollars.
  4. 2021-07-08Series D raise of 144 million dollars — Raised a 144 million dollar Series D led by Tiger Global at a valuation of about 455 million dollars.
  5. 2018DealShare founded — Vineet Rao, Sourjyendu Medda, Sankar Bora and Rajat Shikhar found DealShare in Jaipur to serve value-conscious consumers in smaller Indian towns via social commerce.

Data sources

  • seed-list + DPIIT allowlist↗ · last fetched 2026-05-28
  • DPIIT (Startup India)↗ · last fetched 2026-05-28
  • Entrackr (Series E unicorn round and cap table)↗ · last fetched 2026-06-01
  • Entrackr (FY24 financials, MCA filings)↗ · last fetched 2026-06-01
  • Inc42 (FY24 revenue plummets 75 percent)↗ · last fetched 2026-06-01
  • Inc42 (Series E unicorn)↗ · last fetched 2026-06-01
  • Outlook Business (Series E 165 million)↗ · last fetched 2026-06-01
  • StartupTalky (company profile, founders, funding history)↗ · last fetched 2026-06-01
Updated 2026-06-01