E-commerce firm DealShare's valuation crosses $455 mn after raising $144 mn

The firm, which runs an e-commerce platform for middle and lower-income consumers, expects to hit a $1 bn GMV run rate by year-end and build a 10 mn-strong customer base

DealShare, a startup that has built an e-commerce platform for middle and lower-income groups of consumers in India, has raised $144 million in its latest funding round.

The round was led by Tiger Global and was co-led by WestBridge Capital, Alpha Wave Incubation (a venture fund backed by ADQ, and managed by Falcon Edge Capital) and Z3Partners. There was also participation from Partners of DST Global, Matrix Partners India, and Alteria Capital.

The firm is known for pioneering the community group buying (CGB) model in India. The funding has taken the valuation of the firm at $455 million.

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