Venture Capital

DealShare raises Rs 25 crore venture debt from InnoVen Capital

Read more at timesofindia.indiatimes.com

CHENNAI: E-retailer DealShare has raised Rs. 25 crors in a debt funding from Innoven Capital.
This is Dealshare’s second round of fundraising in the last six months. In December 2020, DealShare raised Series C equity funding of around Rs. 153 crore from WestBridge Capital, Alpha Wave Incubation – a venture fund managed by Falcon Edge Capital, Z3Partners, Matrix Partners India and Omidyar Network India.
With this latest round of funding, the total amount raised by DealShare stands at Rs 267 crore.
“We will be utilizing the funds and Innoven Capital’s expertise to exponentially scale our geographic footprint. We are planning to scale our presence to 100 cities by the end of 2021,” Vineet Rao, founder and CEO, DealShare, said.
DealShare said it has registered a 50% month on month growth, and as on February 2021 the company had clocked a GMV run rate of Rs 750 crore. The brand is currently available across 25 cities in India and has more than two million users.

Read more at timesofindia.indiatimes.com

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