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Group buying social commerce platform, DealShare, has raised $144 million in a new financing round as it looks to expand its presence in the South Asian market and eyes opportunities to expand internationally, according to a TechCrunch report.
The new financing round, a Series D, was led by Tiger Global and pushed the value of the Indian startup to $455 million.
Even as Amazon and Flipkart have created a sizeable market in India’s biggest cities, much of the nation remains underserved by e-commerce platforms. DealShare, which began as an e-commerce platform on WhatsApp, is attempting to reach consumers in smaller Indian cities and towns. The startup says customers on its platform buy curated items in groups, which makes purchases “highly competitive” in terms of affordability.
