Mumbai, India, May 18, 2020- DealShare, one of the fast growing social e-commerce companies, has announced that despite the lockdown they have been witnessing a 100% month on month growth in their sales in Mumbai. During lockdown, DealShare has added 10,000 customers and delivered more than 2 lac orders across select pincodes that they service in the city. Currently DealShare offers essentials at much-bargained prices at Thane, Bhandup, Mulund, Kalyan, Dombivli, Navi Mumbai, Palava City, Powai, Kurla, Ghatkopar and Chembur.
Speaking about the growth, Vineet Rao Founder and CEO, DealShare, said, “At DealShare, our primary objective has been to provide customers with quality products at affordable prices and this has been well-received by the residents of Mumbai. We entered Mumbai in December and we have been witnessing 30% growth month on month, in our sales. In fact, in the last 30 days we have not only witnessed a 100% increase in our sales we have also been able to penetrate deep into our customer base. Currently, we have more than 25,000 customers and we service on an average 7,000 orders per day. In such a short span, the city had become the second largest contributor to our revenue or sales after Jaipur where we started our business in late 2018. Going forward we are looking at expanding further and adding all pincodes of Mumbai, Pune & Nasik to our service network.”
Operating on a discovery led model, DealShare allows customers to buy home essentials at the click of a button. A new retail model, DealShare, allows the users to buy and share deals with their friends encouraging social shopping as well. Apart from providing the customers with quality products at an affordable rate, DealShare has also been partnering extensively with local manufacturers and giving them access to a larger customer base.
Elaborating about the business, Sourjyendu Medda, Founder, Chief Business Officer & Chief Finance Officer, DealShare, said, “At DealShare our mission has not only been to redefine shopping experience for customers but also to provide local manufacturers access to a wider customer base. Currently we have more than 100 indigenous brands associated with us in the state. The association has helped them to successfully sail through the current unexpected crisis. We also encourage micro- entrepreneurship through our initiative DealShare Dost. DealShare Dost is an innovative program through which any micro-entrepreneur can join the DealShare logistic ecosystem and earn up to Rs. 1 lakh per month. More than 30 local entrepreneurs have become a part of DealShare Dost. We are looking at expanding DealShare Dost from the current 30 to 300 by Dec 2020.”
Founded in September 2018 DealShare has established itself as a key e-grocery player in the social commerce space, a concept that utilizes e-commerce and social media to help customers to avail noteworthy deals and discounts on their daily-use products, while encouraging group buying. DealShare currently has presence across 26 cities and has more than 15 lakh customers shopping from the platform.
