Tiger Global leads $100 million investment in Indian social commerce DealShare

  • “The startup began as an e-commerce platform on WhatsApp, where it offered hundreds of products to consumers. It didn’t take long before a major consumer spending pattern was visible, Rao said. People were only interested in buying items that were selling at discounted rates, said Rao.
  • Consumers wanted products that were relevant to them and they wanted to buy these items at a price that instilled the most value for their bucks, said Rao. ‘We focused on locally produced items instead of national brands. Even today, 80% to 90% of items we sell are locally produced,’ he said.”

https://www.google.com/amp/s/techcrunch.com/2021/04/12/tiger-global-leads-100-million-investment-in-indian-social-commerce-dealshare/amp/

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