Social commerce platform DealShare has raised $165 million in the first close of its Series E round from Dragoneer Investments Group, Kora Capital, and Unilever Ventures. Existing investors Tiger Global and Alpha Wave Global (Falcon Edge) also participated in the round.
This capital infusion saw DealShare entering the coveted billion-dollar unicorn club after its valuation rose to over $1.6 billion.
Now headquartered in Bengaluru, the startup will use the funding to “invest in technology and data science, and a ten-fold expansion in its logistics infrastructure to increase geographic reach,” DealShare said in a release. It will also establish a sizable offline store franchise network.