Sources dealshare dec.singhtechcrunch whatsapp 100m series
Sources dealshare dec.singhtechcrunch whatsapp 100m series, the popular messaging app owned by Facebook, has invested $100 million in Indian startup DealShare. The investment is part of a Series D funding round that also included participation from existing investors, including Falcon Edge, WestBridge Capital, and Omidyar Network. DealShare is a social commerce platform that allows users to buy products in bulk at discounted prices. The startup focuses on Tier 2 and Tier 3 cities in India, where e-commerce adoption is still relatively low. DealShare’s platform uses a combination of social sharing, gamification, and group buying to create a unique shopping experience for its users.
What This Means for WhatsApp and DealShare
For WhatsApp, the investment in DealShare represents a strategic move into the social commerce space. The messaging app has over 400 million users in India, making it a prime platform for e-commerce companies to reach potential customers. By investing in DealShare, WhatsApp is positioning itself as a key player in the social commerce ecosystem in India. For DealShare, the investment from WhatsApp provides a major boost in funding as the startup looks to expand its operations across India. The company plans to use the funds to expand its product offerings and improve its technology platform. DealShare also plans to hire more employees and increase its presence in existing markets.
The Future of Social Commerce in India
The investment from WhatsApp is just the latest example of the growing interest in social commerce in India. With a population of over 1.3 billion people, India represents a massive opportunity for e-commerce companies. However, many consumers in India still prefer to shop at physical stores rather than online. Social commerce platforms like DealShare are trying to change that by creating a more engaging and interactive shopping experience. By leveraging social sharing and group buying, these platforms are able to offer discounts and deals that are not available through traditional e-commerce channels. As social commerce continues to gain traction in India, we can expect to see more investments and partnerships between messaging apps and e-commerce startups. WhatsApp’s investment in DealShare is just the beginning of what could be a major shift in the way Indians shop online.