Co-founder, stepped down as CEO in January 2024 of DealShare, an e-commerce company based in Bengaluru.
Sourjyendu Medda is Co-founder, stepped down as CEO in January 2024 of DealShare, an e-commerce company based in Bengaluru, founded in 2018. DealShare's most recent disclosed round was a Series E of $165M in Jan 2022.
Indian e-commerce company founded in 2018, selling groceries and household essentials to price-conscious shoppers in smaller cities through a community-led, group-buying model. It reached a $1.7 billion valuation in 2022 before a sharp contraction, restructuring and the departure of its entire founding team.
Enters the unicorn club on a $165 million Series E led by Tiger Global, Alpha Wave Global and Kora Investment. A subsequent $45 million cheque from ADIA sets the peak valuation at $1.7 billion.
Completes a restructuring that shuts the B2B vertical and cuts more than 100 jobs. Gross revenue falls 75% for the year while losses narrow by two-thirds.
Enters advanced acquisition talks with online pharmacy Truemeds, with meat and seafood retailer Captain Fresh also in discussions. Sources say the company would likely wind down if neither deal closes.
Sourjyendu Medda is a Co-founder, stepped down as CEO in January 2024 of DealShare, an e-commerce company based in Bengaluru, founded in 2018.
DealShare's founders and leadership on record at StartupFox are Vineet Rao, Sankar Bora, Sourjyendu Medda and Rajat Shikhar.
DealShare has raised $210M across 2 disclosed rounds on record. The latest was a Series E of $165M in Jan 2022, with Tiger Global, Alpha Wave Global, Kora Investment.
DealShare is headquartered in Bengaluru, India.
StartupFox has published 1 story naming Sourjyendu Medda; the most recent is “Truemeds Is Buying DealShare For Roughly What Sits In Its Bank Account”.
This profile is compiled by the StartupFox desk from company announcements, regulatory filings and our own reporting. If this is you, you can verify it with LinkedIn and edit it.
