DealShare is an innovative Indian startup that has rapidly emerged as a game-changer in the country’s e-commerce landscape. Founded in 2018, DealShare has swiftly gained popularity by offering a unique social commerce platform that caters to the needs of middle and lower-income consumers in tier 2 and tier 3 cities. With a mission to empower and transform the shopping experience for these underserved markets, DealShare has become synonymous with affordable, quality products delivered directly to consumers’ doorsteps.
Overview
| Aspect | Description |
|---|---|
| Name | DealShare |
| Year Founded | 2018 |
| Mission | Empower and transform the shopping experience for middle and lower-income consumers |
| Vision | Revolutionize the shopping experience by making it fun, affordable, and convenient for everyone |
| Key Products/Services | Groceries, household essentials, personal care items, kitchenware, electronics, fashion, and more |
| Unique Value Proposition | Community-based e-commerce platform that offers affordable products through group buying |
| Target Market | Middle and lower-income consumers in tier 2 and tier 3 cities in India |
| Notable Achievements | – Expansion to over 25 cities in multiple states across India |
| – Millions of downloads of the mobile app | |
| – Winner of the Economic Times Startup Award for Consumer Internet Startup in 2020 | |
| Founding Team | Vineet Rao, Sourjyendu Medda, Sankar Bora, Rishav Dev, Rajat Shikhar |
| Company Culture | Collaboration, innovation, customer-centricity, ownership, and accountability |
| Growth Trajectory | Rapid expansion, securing multiple rounds of funding from prominent venture capital firms |
| Partnerships | Collaborations with manufacturers, local suppliers, and logistics companies |
| Future Plans | Expand presence, diversify product offerings, introduce personalized recommendations |
| Market Impact | Disrupting traditional e-commerce models, empowering underserved markets, and promoting inclusivity |
Mission and Vision:
DealShare’s mission is to create a socially engaging e-commerce platform that enables consumers to access quality products at unbeatable prices. The company aims to bridge the gap between manufacturers and consumers by leveraging the power of community group buying and innovative technology. Their vision is to revolutionize the shopping experience by making it fun, affordable, and convenient for everyone.
Key Products/Services:
DealShare offers a wide range of products across various categories, including groceries, household essentials, personal care items, kitchenware, electronics, fashion, and more. Through their mobile app and website, customers can browse and purchase products at discounted prices. DealShare also focuses on sourcing products from local and regional manufacturers, promoting the “Made in India” initiative and supporting local businesses.
Unique Value Proposition:
One of the unique aspects of DealShare is its community-based approach to e-commerce. The platform encourages customers to form groups with their friends, family, and neighbors, allowing them to avail themselves of better deals and discounts. By leveraging the power of social connections, DealShare provides an engaging and interactive shopping experience that creates a sense of belonging and community.
Target Market:
DealShare primarily targets middle and lower-income consumers in tier 2 and tier 3 cities in India. These markets are often underserved by traditional e-commerce platforms, making DealShare’s affordable and localized offerings highly appealing. By understanding the specific needs and preferences of these consumers, DealShare has successfully positioned itself as a trusted and reliable shopping destination for millions of people.
Notable Achievements:
Since its inception, DealShare has achieved several significant milestones. The company has witnessed exponential growth, expanding its presence to over 25 cities in multiple states across India. By leveraging a data-driven approach, DealShare has garnered a large and loyal customer base, with millions of downloads of its mobile app. Additionally, the company has received accolades for its innovative business model and social impact, winning awards such as the Economic Times Startup Award for Consumer Internet Startup in 2020.
Founding Story, Team, and Company Culture:
DealShare was founded in 2018 by Vineet Rao, Sourjyendu Medda, Sankar Bora, Rishav Dev, and Rajat Shikhar. These co-founders came together with diverse backgrounds in technology, operations, and entrepreneurship, united by a shared vision of empowering Indian consumers. With their combined expertise, they developed the concept of DealShare and launched it as a pilot project.
The team at DealShare comprises a talented group of individuals who are passionate about creating an impact. They foster a culture of collaboration, innovation, and customer-centricity, emphasizing the importance of building strong relationships with customers and partners. The company encourages a sense of ownership and accountability among its employees, empowering them to take risks and drive positive change.
Growth Trajectory, Funding, and Partnerships:
DealShare has witnessed rapid growth since its inception. The company’s unique social commerce model, coupled with its focus on the untapped tier 2 and tier 3 markets, has attracted significant attention from investors. To date, DealShare has raised multiple rounds of funding, securing investments from prominent venture capital firms such as Matrix Partners India, Falcon Edge Capital, and WestBridge Capital. These investments have fueled the company’s expansion plans and technological advancements.
Furthermore, DealShare has formed strategic partnerships with various manufacturers, local suppliers, and logistics companies to ensure a seamless supply chain and efficient delivery of products. These collaborations have played a crucial role in DealShare’s ability to offer quality products at affordable prices, further enhancing its value proposition.
Future Plans and Market Impact:
DealShare has ambitious plans for the future. The company aims to further expand its presence across India, reaching more tier 2 and tier 3 cities and strengthening its customer base. They also plan to diversify their product offerings and introduce more exclusive deals and personalized recommendations, leveraging their rich customer data.
As a pioneer in the social commerce space, DealShare is poised to make a significant impact on the Indian e-commerce industry. By addressing the specific needs of underserved markets, the company has disrupted traditional e-commerce models and created a blueprint for inclusive growth. DealShare’s emphasis on affordability, community engagement, and localized offerings has resonated with millions of customers, empowering them to access quality products at affordable prices.
In conclusion, DealShare’s mission to transform the shopping experience for middle and lower-income consumers, coupled with its unique social commerce model, has propelled the company to the forefront of the Indian e-commerce industry. With a visionary leadership team, a strong company culture, and a relentless focus on customer satisfaction, DealShare is revolutionizing the industry and paving the way for a more inclusive and empowering shopping ecosystem in India.
FAQs
What is DealShare?
DealShare is an Indian startup that operates a social commerce platform, offering affordable products and a unique shopping experience for middle and lower-income consumers in tier 2 and tier 3 cities.
How does DealShare work?
DealShare works on a community-based model where customers form groups with friends, family, and neighbors. By leveraging group buying power, DealShare offers attractive deals and discounts on a wide range of products.
What products can I find on DealShare?
DealShare offers a diverse range of products, including groceries, household essentials, personal care items, kitchenware, electronics, fashion, and more.
Which cities does DealShare operate in?
DealShare has expanded its presence to over 25 cities across multiple states in India. Some of the cities include Jaipur, Ahmedabad, Surat, Lucknow, and Bhopal.
How can I purchase products on DealShare?
Customers can access DealShare’s offerings through their mobile app or website. Simply browse the products, select the desired items, and proceed to checkout for delivery to your doorstep.
Is DealShare only for individual customers?
No, DealShare caters to both individual customers and businesses. They offer bulk purchasing options for businesses looking to procure products at competitive prices.
What makes DealShare different from other e-commerce platforms?
DealShare’s unique value proposition lies in its community-based approach, providing better deals through group buying. They focus on serving the specific needs of underserved markets, offering affordable products with localized offerings.
How does DealShare ensure product quality and authenticity?
DealShare partners with trusted manufacturers, suppliers, and logistics companies to ensure the quality and authenticity of the products they offer. They also encourage customer reviews and feedback to maintain transparency and accountability.
How does DealShare handle deliveries?
DealShare has a robust logistics network to ensure timely and efficient deliveries. They work with third-party delivery partners to ensure products reach customers’ doorsteps in a hassle-free manner.
Can I track my orders on DealShare?
Yes, DealShare provides order tracking facilities. Customers can track their orders through the mobile app or website, keeping them informed about the status and estimated delivery time.
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