🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
DealShare CEO Vineet Rao steps down; company moves base to Delhi
Money Control
·
2y ago
Medial
Vineet Rao, CEO of Indian startup DealShare, has stepped down from his position. The company has also decided to move its base from Jaipur to Delhi. The changes come amidst DealShare's strategic expansion plans. While Rao's successor is yet to be announced, the firm is confident these changes will support its future growth.
View Source
Related News
Dealshare cofounders Vineet Rao, Sankar Bora exit post rejig
Economic Times
·
1y ago
Medial
Vineet Rao and Sankar Bora, the co-founders of e-commerce platform Dealshare, have left the company amid job cuts and business restructuring. Rao, who previously served as CEO, stepped down in July and was supposed to assist in hiring a new CEO before leaving. Bora, the former COO, has also moved on. Dealshare, backed by investors including Tiger Global and Alpha Wave, recently closed its B2B business and has undergone staff reductions. The company is currently looking for a new CEO.
View Source
Deal share founders quit
Inc42
·
1y ago
Medial
Vineet Rao and Sankar Bora, founders of ecommerce company DealShare, have stepped down following layoffs and a business restructuring. Rao resigned as CEO in July and was expected to assist in appointing a new CEO, but has now left the company. Bora, the former COO, has also departed. The company is relocating its non-tech functions to Gurugram. The startup, which enables first-time online shoppers, achieved unicorn status in 2021 after raising significant funding. DealShare recently closed its B2B operations and underwent previous rounds of layoffs to reduce costs.
View Source
DealShare deserts B2B biz, fires over 100 employees
Entrackr
·
1y ago
Medial
Social commerce startup DealShare has decided to shut down its B2B arm and lay off several employees as it shifts focus to B2C offerings. The move comes after the CEO Vineet Rao stepped down. The company aims to be "relevant to its consumers in the market" and will realign budgets and teams accordingly. While the exact number of layoffs is undisclosed, it is reported that around 130 employees have been affected. DealShare, valued at $1.7 billion, experienced significant growth in FY22 but also reported increased losses.
View Source
Dealshare FY24 revenue falls 75% post restructuring, loss narrows to a third
Economic Times
·
8m ago
Medial
Dealshare, the hyperlocal ecommerce firm backed by Tiger Global, reported a 74.5% decline in operating revenue to Rs 499 crore for the fiscal year ending March 2024. Despite the decrease in revenue, the company managed to reduce its losses to Rs 167 crore, a third of the previous year's losses. Dealshare underwent restructuring and leadership changes, including the closure of its B2B segment and the departure of founders Vineet Rao and Sankar Bora. Kamaldeep Singh is now leading the company as CEO. Dealshare has raised $387 million in equity funding to date.
View Source
Ex-DealShare Cofounder Makes A $1 Mn Sportstech Bet
Inc42
·
10m ago
Medial
Here are the requested bullet points: - Sports tech startup founded in March 2024 - Raised INR 9.4 Cr in funding from investors such as Blume Ventures, Roots Ventures, and QED Innovations Lab - Focuses on supporting and assisting sports academies in India - Founder, Vineet Medda, previously held the position of CEO and cofounder at DealShare - Medda left DealShare in January 2024 for his new venture
View Source
Dealshare names Kamaldeep Singh as CEO, third cofounder Medda quits
Economic Times
·
1y ago
Medial
Troubled ecommerce firm Dealshare has appointed Kamaldeep Singh as its CEO, following an investor-led restructuring. The appointment comes after a six-month selection process by a global executive search firm. Singh, who was previously the CEO of BigBazaar, joined Dealshare in December 2022 as the president of the retail business. Another co-founder, Sourjyendu Medda, has also left the company, joining the ranks of other former executives who have moved on from Dealshare. The company is focused on transitioning from an online-only model to a hybrid model combining online and offline operations.
View Source
SunSource Energy set for leadership change as co-founder and CEO steps down
VCCircle
·
1y ago
Medial
Renewable energy company SunSource Energy is undergoing a leadership change as co-founder and CEO Kushagra Nandan steps down to pursue a new venture. Nandan, who co-founded the company in 2010, will continue to serve as a non-executive member. The company is expected to appoint a new managing director and CEO in the near future.
View Source
DealShare’s FY24 Revenue Plummets 75% To INR 500 Cr
Inc42
·
8m ago
Medial
The Indian startup, DealShare, based in Delhi NCR, experienced a significant decrease in operating revenue for the fiscal year. Their revenue dropped from INR 1,963.5 Cr to INR 499 Cr. However, the company managed to narrow its net loss by 67% during this period. The loss decreased from INR 503 Cr to INR 167.7 Cr. DealShare attributed this improvement to a reduction in expenditure by 70%, cutting costs from INR 2,557.6 Cr to INR 768.1 Cr in FY24.
View Source
Social ecommerce unicorn Dealshare sees revenue plunge 74% in FY24
YourStory
·
8m ago
Medial
Dealshare, a social ecommerce platform, reported a 74% decrease in operating revenue for FY24, reaching Rs 499.1 crore compared to Rs 1,963 crore the previous year. However, the company's losses decreased by 66% to Rs 167.2 crore in FY24. The decline in operating revenue was partly offset by reduced expenses, including lower employee benefits costs. Dealshare has undergone leadership changes, with co-founders stepping down and new executives joining. The company transitioned from an online-only model to an omnichannel approach and achieved unicorn status in January 2022.
View Source
CX Partners starts Veeda Clinical sale process; Ola CEO departs amid job cuts
VCCircle
·
1y ago
Medial
CX Partners, a mid-market private equity firm, is looking to sell its majority stake in Veeda Clinical Research, an independent clinical research organization based in Ahmedabad. The valuation of the sale is expected to be around $600-$650 million. This comes as Ola CEO, Bhavish Aggarwal, steps down amidst job cuts at the company.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
