PE funds ready cash, scout for bulk-buying social e-commerce start-ups

Customers get large discounts and the platform enjoys the benefits of scale and lower costs

Topics
Start-ups | Private Equity | e-commerce market

Surajeet Das Gupta  |  New Delhi 

Start-ups that offer an e-commerce platform for aggregating the demand of individual consumers of the same product into a bulk order in order to attract hefty discounts from sellers are catching the fancy of investors. Over the past few weeks, despite the second wave, they have been pouring money into these social e-commerce start-ups such as Bangalore-based DealShare, Mall91 and CityMall.

Facebook-backed Meesho is also building a similar platform called Farmiso. DealShare has closed $100 million in Series D funding in April, led by Tiger Global. It has Westbridge Capital, Matrix ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, May 17 2021. 06:10 IST
RECOMMENDED FOR YOU
.