Bengaluru | 29th April 2020: Following the success in Rajasthan, Gujarat, and Maharashtra, DealShare, one of the fastest-growing e-commerce start-up, today announced their aggressive national expansion plans by launching their operations in Bengaluru, Karnataka. The services will be available across 9 locations in the first phase namely Madiwala, Bommanahalli, Hongasandra, Kudlu, Koramangala, BTM, HSR Layout, Harlur Road, Bellandur, and Kasavanahalli. With this expansion, DealShare will be rendering its services across 26 cities in the country. Further to address the diverse multilingual audience, other than Hindi the app is also available in English, Kannada, Marathi, and Gujarati.
Elaborating about the expansion plans, Mr Vineet Rao, Founder and Chief Executive Officer, DealShare, said, “We are delighted to announce our foray into the Karnataka. At DealShare, our primary objective has been to provide customers of all segments with quality products at affordable prices. Currently, in a short span of 15 months, DealShare has serviced more than 15 lacks customers across Rajasthan, Gujarat and Maharashtra who now use the app regularly. In fact, we are witnessing more than 50% month-on-month increase in the customer base in these states. We are confident we will see an even better traction in Bengaluru as it is a city that has always been very rapidly adopting new things. Further, we are looking forward to significantly invest in expanding our existing technology team in Bengaluru from 50 to 500 people.”
“We are excited to launch our service in Karnataka. It was an ordeal to go from zero to one during the lockdown, especially considering there are many barrier with regard to movement of key staff. We are optimistic that we will be able to create significant impact here, especially during this crisis, by delivering grocery and essentials like the other states that were are present in. Apart from Bengaluru, we are looking at expanding our services to 6-7 more markets in the state within the next few months,” added Mr Rajat Shikhar Founder and CPO, DealShare.
In Bengaluru, DealShare will provide its customers access to locally procured indigenous/regional products and brands across various categories at the best prices. In their other markets, DealShare has partnered with 150 manufactures of which 100 are local manufactures. With this expansion, the overall manufacturer’s base will go up to 250. The company will continue to focus on creating a strong and widespread network of micro-entrepreneurs across the region to promote a range of local businesses. Further, to enable easy navigation and selection even for non-English speaking residents, the interface will be available in Hindi and Kannada.
Further commenting on the product portfolio, Mr. Sourjyendu Medda, Founder, Chief Business Officer & Chief Finance Officer, DealShare, said, “Apart from re-defining the shopping experience, we have also been partnering with the local manufacturers enabling them to rapidly expand to a wider customer base. Bengaluru will become the southern hub for DealShare and over the course of this year, we will be expanding into many cities and towns in Karnataka and other southern states. We intend to launch Chennai and Hyderabad in the next few months. Along with that, we are also looking at boosting the micro-entrepreneur eco-system in the state. Through our initiative DealShare Dost, we will be tying up with local entrepreneurs and encouraging them to be part of our robust last-mile team. 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”.
Along with the B2C platform, DealShare has also launched its B2B platform, which is with the vision to assist the state government and local authorities to continue effortless delivery of essentials to the residents during the current COVID-19 lockdown. Founded in September 2018 DealShare has established itself as a key e-grocery player, 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. A pioneer of e-grocery 2.0, DealShare takes pride in eliminating the language barrier and is available in local native languages. 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
