Co-founder and former CEO (left 2023) of DealShare, an e-commerce company based in Bengaluru.
Vineet Rao is Co-founder and former CEO (left 2023) of DealShare, an e-commerce company based in Bengaluru, founded in 2018. DealShare's most recent disclosed round was a funding round of $45M in 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.
