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Job alert! This social commerce company plans to hire 5,000 people
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DealShare to invest $100 million for expansion and upscaling operations
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INDIA New England News
The company said it will utilise new funds in improving and scaling up its operations rapidly.
The latest round marks the third funding for the company in a span of seven months, with the valuation increasing nine-fold on the back of high-growth momentum.
With the current round, the total funding raised by DealShare stands at $183 million.
“We would utilise the funds primarily to invest in AI-driven innovations in our user experience leading to a highly personalised, fun-filled and gamified experience,” said Vineet Rao, CEO and Founder, DealShare.
“Our monthly active users already use our app over 40 times a month making it the most engaging ecommerce app and we will continue to add more innovative capabilities and services to serve a wider range of user needs,” he added.
DealShare raises $144 million in Series D led by Tiger Global
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E-commerce firm DealShare s valuation crosses $455 mn after raising $144 mn
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