New
Delhi, India, December 24, 2019- DealShare, a social e-commerce start-up, today
announced their entry into Maharashtra. The foray was marked by DealShare
extending its services across North Mumbai. A group-buying platform that
focuses on offering select popular goods at much-bargained prices, DealShare
started its services across Thane, Bhandup, Chandivali, Dombivli, Mulund,
Powai, Kurla, Palava City, Ghatkopar and Chembur.
Delhi, India, December 24, 2019- DealShare, a social e-commerce start-up, today
announced their entry into Maharashtra. The foray was marked by DealShare
extending its services across North Mumbai. A group-buying platform that
focuses on offering select popular goods at much-bargained prices, DealShare
started its services across Thane, Bhandup, Chandivali, Dombivli, Mulund,
Powai, Kurla, Palava City, Ghatkopar and Chembur.
Commenting
on the entry to Maharashtra, Mr. Vineet Rao, Founder and Chief Executive
Officer, Dealshare, said, “We are delighted to announce our foray into
Maharashtra with the launch of our services in Mumbai. Our model focuses on
providing our customers with top-quality
locally manufactured products at the best prices. Mumbai,
with its large, dense and highly social population is a strong market for the
brand. We expect to see positive synergy and aim to acquire more than 5% of the
retail market within the next 3 years. We will also focus on creating a strong
and widespread network of micro entrepreneurs across the region to promote a
wide range of local businesses. In coming months, we plan to rapidly expand to
many cities, towns and villages across Maharashtra.”
on the entry to Maharashtra, Mr. Vineet Rao, Founder and Chief Executive
Officer, Dealshare, said, “We are delighted to announce our foray into
Maharashtra with the launch of our services in Mumbai. Our model focuses on
providing our customers with top-quality
locally manufactured products at the best prices. Mumbai,
with its large, dense and highly social population is a strong market for the
brand. We expect to see positive synergy and aim to acquire more than 5% of the
retail market within the next 3 years. We will also focus on creating a strong
and widespread network of micro entrepreneurs across the region to promote a
wide range of local businesses. In coming months, we plan to rapidly expand to
many cities, towns and villages across Maharashtra.”
Further
commenting on the expansion, Mr. Sourjyendu Medda, Founder & Chief Business
Officer, DealShare, said, “This is a crucial step for DealShare. In just a
year, we have redefined the way consumers shop in our other two markets –
Gujarat and Rajasthan. In our oldest city of Jaipur, we have already penetrated
to more than 20% households and are moving towards similar penetration levels
in all the 20 cities and towns we service. We are confident we will be
able to see a similar adoption in Maharashtra as well. India has a rapid
growing internet user base of 493 million and Maharashtra is a crucial
contributor to this growth. This will open new avenues and further aid our
growth in this market.”
commenting on the expansion, Mr. Sourjyendu Medda, Founder & Chief Business
Officer, DealShare, said, “This is a crucial step for DealShare. In just a
year, we have redefined the way consumers shop in our other two markets –
Gujarat and Rajasthan. In our oldest city of Jaipur, we have already penetrated
to more than 20% households and are moving towards similar penetration levels
in all the 20 cities and towns we service. We are confident we will be
able to see a similar adoption in Maharashtra as well. India has a rapid
growing internet user base of 493 million and Maharashtra is a crucial
contributor to this growth. This will open new avenues and further aid our
growth in this market.”
“We
run an extremely innovative logistics model of tying up with local
entrepreneurs who not only service orders from their locality but also help in
customer acquisition and cultivating repeat behavior. We have launched Mumbai
with this model from Day 1 and are hopeful of reaching unit level profitability
very soon.” added, Mr. Sankar Bora, Founder & Chief Operations Officer
run an extremely innovative logistics model of tying up with local
entrepreneurs who not only service orders from their locality but also help in
customer acquisition and cultivating repeat behavior. We have launched Mumbai
with this model from Day 1 and are hopeful of reaching unit level profitability
very soon.” added, Mr. Sankar Bora, Founder & Chief Operations Officer
In
Mumbai, DealShare will provide its customers access to locally procured
indigenous/regional products and brands across 10 categories. Further, to
enable easy navigation and selection even for non-English speaking residents,
the interface will be available in Hindi, Marathi as well as Gujarati.
Mumbai, DealShare will provide its customers access to locally procured
indigenous/regional products and brands across 10 categories. Further, to
enable easy navigation and selection even for non-English speaking residents,
the interface will be available in Hindi, Marathi as well as Gujarati.
Founded
in September 2018 DealShare has established itself as a key social e-commerce
player, a concept that utilizes e-commerce and social media to help customers
to avail noteworthy deals and discounts on their daily-use products. The
platform motivates users to buy in groups and also promotes sharing the product
offers with friends and family members. This system encourages its users to buy
more and earn more incentives while sharing a deal with their acquaintances. A
pioneer of e-commerce 2.0, DealShare takes pride in eliminating the language
barrier. The app has a simple interface and has the option of choosing between
English, Hindi and Gujarati. A fast-growing start-up DealShare had raised $11
million in funding across Seed and Series-A rounds from Matrix Partners India,
Falcon Edge Capital, partners of DST Global, Omidyar Network India along with
other leading angel investors. DealShare is currently present across 20 cities
in Rajasthan and Gujarat and Maharashtra.
in September 2018 DealShare has established itself as a key social e-commerce
player, a concept that utilizes e-commerce and social media to help customers
to avail noteworthy deals and discounts on their daily-use products. The
platform motivates users to buy in groups and also promotes sharing the product
offers with friends and family members. This system encourages its users to buy
more and earn more incentives while sharing a deal with their acquaintances. A
pioneer of e-commerce 2.0, DealShare takes pride in eliminating the language
barrier. The app has a simple interface and has the option of choosing between
English, Hindi and Gujarati. A fast-growing start-up DealShare had raised $11
million in funding across Seed and Series-A rounds from Matrix Partners India,
Falcon Edge Capital, partners of DST Global, Omidyar Network India along with
other leading angel investors. DealShare is currently present across 20 cities
in Rajasthan and Gujarat and Maharashtra.
